Overnight Focus

April 16th, 2014 9:37 pm | by John Jansen |

This is something that my friends at Pierpont Securities are putting out regularly and it is a nice little primer on the important data releases while we in the States are slumbering peacefully or otherwise.

Via Pierpont Securities:

AUSTRALIA: March data on auto sales, with YOYU comparisons negative for the last 7 months as consumer spending moderated. Also the NAB Business Confidence index for 1Q, with the weaker AUD helping boost business confidence in 4Q2013 to +8, strongest reading since 1Q2011.

CHINA: Property Prices for March, with prices up in 69 of 70 cities over each of the last 10 months, so will be watched carefully to see if signs that prices are weakening.

JAPAN: The Cabinet Office Monthly Economic Report for April likely to provide the first downgrade of conditions in about 18 months, a result of the impact of the consumption tax hike.

EURO ZONE: New car Registrations for the EU27, which have increased YOY during each of the 6 months ended February (+8.0% YOY).

RUSSIA: A slew of data for March that will provide an early indication of the magnitude of the impact of the Ukraine situation and global response on the Russian economy. Main focus will be on data on Real Retail Sales (BBerg consensus at 3.3% YOY), Real Wages YOY (BBerg consensus at 3.6%) and the Unemployment Rate (BBerg consensus at 5.7%); at 5.7% the UR would reach a 12-month high.

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