28 Apr 2015
Key events ahead: UK Q1 GDP expected to have eased – Danske
FXStreet (Barcelona) - Chief Analyst at Danske Bank, Lars Christensen, previews the key events and data releases ahead in the day – UK Q1 GDP data release, US consumer confidence, and Bundesbank Weidmann’s speech.
Key Quotes
“In the UK we expect GDP growth to have eased a bit to 0.4% q/q in Q1 15 from 0.6% q/q in the previous quarter, as hard data in terms of retail sales, production and construction output have been relatively weak in Q1. Surveys have been more resilient, suggesting that growth will pick up pace again in the coming quarters.”
“In the US we expect the Conference Board’s consumer confidence to have improved to 103.9 in April from 101.3 in March. So far consumer confidence has been resilient in 2015, lending some support to the view that the weakness in private consumption in Q1 15 is largely temporary. Case-Shiller house prices for February are also due for release.”
“Bundesbank President Jens Weidmann is scheduled to speak this evening at 19:30 CET in Essen, Germany.”
Key Quotes
“In the UK we expect GDP growth to have eased a bit to 0.4% q/q in Q1 15 from 0.6% q/q in the previous quarter, as hard data in terms of retail sales, production and construction output have been relatively weak in Q1. Surveys have been more resilient, suggesting that growth will pick up pace again in the coming quarters.”
“In the US we expect the Conference Board’s consumer confidence to have improved to 103.9 in April from 101.3 in March. So far consumer confidence has been resilient in 2015, lending some support to the view that the weakness in private consumption in Q1 15 is largely temporary. Case-Shiller house prices for February are also due for release.”
“Bundesbank President Jens Weidmann is scheduled to speak this evening at 19:30 CET in Essen, Germany.”