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Livesquawk - LS Focus On The Week Ahead
LS Focus On The Week Ahead
Week Ahead

16 April 2021 | 17.00 GMT

 

All times GMT

 

Tuesday 20 April

 

UK Feb Unemployment, Mar Claimant Count (06:00)

“We think the protection offered by the furlough scheme means the unemployment rate held steady in February,” Oxford Economics said, noting that 4.65m jobs were furloughed at the end of that month, up from 3.98m at the end of December 2020, just before the third lockdown began.” Consensus: Jobless Rate 5.1% (prev 5.0%).

 

Wednesday 21 April

 

UK Mar CPI (06:00)

“With non-essential retail still shut throughout March, it is certainly possible that clothing prices continued to follow an atypical path and were cut once more,” Investec said. “But given the scale of the last two months’ cumulative price falls, some rebound for that month seems more likely to us, albeit a rather modest one by historical norms.” Consensus: 0.9% (prev 0.4%).

 

Bank of Canada Rate Decision (14:00)

“We look for the BoC to taper QE to CAD 3bn next week while holding rates unchanged,” TD Securities said. “MPR forecasts for GDP and CPI will be revised higher for 2021, while new potential GDP estimates will inject uncertainty into forward guidance.” Consensus: Rate Hold.

 

Thursday 22 April

 

ECB Rate Decision (11.45)

The governing council confab “will be a stock taking meeting with focus on the resilient economic data and positive outlook for coming months while Lagarde will face questions on the recent PEPP purchase behaviour,” Danske Bank said. “We expect the growth outlook to be 'broadly balanced' paving the way for the PEPP purchase pace going back to February levels around EUR 60bn after the June meeting.” Consensus: Rate Hold.

 

EZ Apr Flash Consumer Confidence (15:00)

“The European Commission’s (EC’s) measure of euro-zone consumer confidence probably fell in April as the vaccine rollout hit more roadblocks,” Capital Economics said. Consensus: -10.9 (prev -10.8).

 

Friday 23 April

 

UK Mar Retail Sales (06:00)

“Non-essential retail remained closed in March, but the reopening of schools is likely to have boosted fuel sales,” HSBC said. “Meanwhile, base effects will begin to boost the annual comparison.” Consensus: M/M 1.5% (prev 2.1%).

 

EZ, UK Flash PMIs (morning)

“A new wave of Covid-19 cases has hit the euro area, with many countries having to extend (Germany) or tighten (France) restrictions at the end of March/beginning of April,” Nomura noted. “Mobility data for the first 10 days of April suggest the euro area flash PMIs are likely to report a fall in the services index in the month.” UK estimates forecast a notable rise in services. Consensus: EZ Composite 53.7 (prev 53.2); UK Composite 58.1 (prev 56.4).

 

— LiveSquawk News

 

Week Ahead Infograph
Days according to time of event in GMT.