Analysts at Rabobank offer a brief preview of the key economic events slated for release in the day ahead.
“Today “It’s….,” UK jobs numbers, where consensus is a gain of 25K and unchanged y-o-y earnings at 3.0% – but we all know there is only one job we are all thinking about, and that’s Theresa May’s.
In Europe, we have the German ZEW survey, which is seen edging down to 55.05 from 58.2, as analysts grow gloomier.
In the US we have the NFIB small business reading, seen staying at a buoyant 107.0, and then PPI, which is expected flat m-o-m and up 0.2% ex-food and energy.
The RBNZ’s Orr will also testify to the NZ Parliament overnight our time. He, like us, will be trying to answer the key question: ‘When does the big foot come down and squash us all with a raspberry noise?’”