MNI BRIEF: Aussie Monthly CPI Rises Slow

MNI: PBOC Sets Yuan Parity Lower At 7.0202 Weds; +3.76% Y/Y

CHINA PBOC CONDUCTS CNY196.5 BLN VIA 14-DAY REVERSE REPOS WEDS

MNI BRIEF: PBOC Cuts One-Year MLF Rate By 30bp

CHINA SETS YUAN CENTRAL PARITY AT 7.0202 WEDS VS 7.0510

MNI: PBOC Net Drains CNY371.7 Bln via OMO Wednesday

Australia Aug CPI +2.7% Y/Y

MNI: AUSTRALIA MONTHLY AUG CPI -0.1% MM, 2.7% YY

MNI: JAPAN AUG SERVICES PPI +2.7% Y/Y; JULY REV +2.7%

CANADA: Politics Week: Parliament Opens With Early Election Threats

AUSTRALIA: Albanese Lines Up Budget for May Election

AUSTRALIA: Albanese Lines Up Budget for May Election

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

CANADA: Retail Sales Watched For Consumer Health Clues

CANADA
CanadaNorth AmericaBulletGlobalFixed Income BulletsForeign Exchange BulletsRegionMarkets
  • Both retail sales for Jul final/Aug advance and input cost inflation for Aug are released at 0830ET.
  • Barring some particularly large surprises for IPPI, we expect greater focus on the retail data considering the BoC’s desire to see growth improve to help prevent an additional widening in excess supply.
  • Analysts stick with the 0.6% M/M from last month’s advance release, helped by car sales seen bouncing back from June’s software outage-induced slide. Sales ex autos are seen at 0.3% M/M for a second month running.
  • Total retail volumes have been particularly tepid recently, rising just 0.1% M/M in June (hindered by car sales) after -0.7% in May for a 3m/3m rate of -0.7% annualized.
  • Whilst only nominal, the August advance release will provide a useful gauge on goods-based consumer momentum into Q3, after broader real GDP momentum started on a soft note back in July. 
144 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
  • Both retail sales for Jul final/Aug advance and input cost inflation for Aug are released at 0830ET.
  • Barring some particularly large surprises for IPPI, we expect greater focus on the retail data considering the BoC’s desire to see growth improve to help prevent an additional widening in excess supply.
  • Analysts stick with the 0.6% M/M from last month’s advance release, helped by car sales seen bouncing back from June’s software outage-induced slide. Sales ex autos are seen at 0.3% M/M for a second month running.
  • Total retail volumes have been particularly tepid recently, rising just 0.1% M/M in June (hindered by car sales) after -0.7% in May for a 3m/3m rate of -0.7% annualized.
  • Whilst only nominal, the August advance release will provide a useful gauge on goods-based consumer momentum into Q3, after broader real GDP momentum started on a soft note back in July.