Recap from our previous week

Our week kicked off with New Zealand’s CPI  increasing to 0.2% from 0.0% forecast. UK CPI also increased from 0.9% forecast to 1.0%. Canada manufacturing sales increased by 0.6% from 0.3% expected to 0.9% actual. U.S CPI held steady at 0.3% while the Core CPI dropped by 0.1% from 0.2% forecast to 0.1% actual. UK Average Earnings held steady at 2.3% while Claimant count dropped from 3.4K forecast to 0.7k actual, this meant that the number of people who were claiming for unemployment related insurances have actually  decreased.

The U.S Building Permits rose to 1.23M from 1.17M forecast. Bank of Canada kept their rates at 0.50%. Australia Employment change dropped to -9.8K from 15.2K expected while the Unemployment dropped by 1% from 5.7% expected to 5.6% actual. UK Retail sales dropped to 0.0% from expected 0.3%. Another highlights from Thursday was the European Central Bank (ECB) press conference, you can watch the recording and listen to the ECB president Mario Draghi HERE.  U.S Unemployment claims increased from expected 251K to 260K. We wrapped up our week with Canada CPI which held steady at 0.2% while the Core retail sales dropped from 0.4% to 0.0%. Below are the economic news to watch this week.