15 Mar 2016
Key events in the US session - Westpac
Analysts at Westpac noted the events in the US for later today.
Key Quotes:
"US headline Feb retail sales is seen at -0.2% m/m while the rise in the ex-auto and gas measure is expected to slow to 0.2% m/m. Consensus for the Mar Empire State survey is a rise to -10.5. Manufacturing has been weak across the country.
The NAHB housing market index should tick up to 59, remaining at historically high levels. The GlobalDairyTrade auction will be held as usual during the Lon/NY session. NZX futures are currently predicting a moderate rise in milk powder prices."
Key Quotes:
"US headline Feb retail sales is seen at -0.2% m/m while the rise in the ex-auto and gas measure is expected to slow to 0.2% m/m. Consensus for the Mar Empire State survey is a rise to -10.5. Manufacturing has been weak across the country.
The NAHB housing market index should tick up to 59, remaining at historically high levels. The GlobalDairyTrade auction will be held as usual during the Lon/NY session. NZX futures are currently predicting a moderate rise in milk powder prices."