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23 May 2014
European and US session key events - Rabobank
FXStreet (Guatemala) - Analysts at Rabobank give us the line-up for todays events in Europe.
Key Quotes:
“Markets will be looking at the first results of European elections with some interest as they are finalised. It appears from early polling data that in the Netherlands Geert Wilders’ anti-EU party has achieved only 12.2% of the vote, putting him in fourth place, far lower than had been expected; meanwhile, in the UK the anti-EU UKIP appears to be doing extremely well from early results despite its recent bad press”.
“In terms of data we start today with the second look at German Q1 GDP (still seen +0.8% QoQ), and then turn to the benchmark IFO survey. The consensus is for a slight decline in the business climate index from 111.2 to 110.9, but for the current assessment reading to edge up from 115.3 to 115.4, albeit with weakness in firms’ expectations, seen down at 106.5 from 107.3: it will be interesting to see what impact developments in Ukraine have, if any (notably there was considerable violence there again yesterday”.
“The US also releases new home sales, which are expected to surge 10.7% MoM after the huge 14.5% slump in March, which was seen as weather related”.
Key Quotes:
“Markets will be looking at the first results of European elections with some interest as they are finalised. It appears from early polling data that in the Netherlands Geert Wilders’ anti-EU party has achieved only 12.2% of the vote, putting him in fourth place, far lower than had been expected; meanwhile, in the UK the anti-EU UKIP appears to be doing extremely well from early results despite its recent bad press”.
“In terms of data we start today with the second look at German Q1 GDP (still seen +0.8% QoQ), and then turn to the benchmark IFO survey. The consensus is for a slight decline in the business climate index from 111.2 to 110.9, but for the current assessment reading to edge up from 115.3 to 115.4, albeit with weakness in firms’ expectations, seen down at 106.5 from 107.3: it will be interesting to see what impact developments in Ukraine have, if any (notably there was considerable violence there again yesterday”.
“The US also releases new home sales, which are expected to surge 10.7% MoM after the huge 14.5% slump in March, which was seen as weather related”.