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Weekly Economic Perspectives: Surprising Eurozone PMI Outperformance Versus US

Chief Economist
Investment Strategist

The Economy

  • US employment gains remain robust.
  • The BoC delivers another 50-bp rate hike.
  • The UK housing market sends mixed signals.
  • Impressive resilience in eurozone PMIs.
  • Signs of improving domestic demand in Japan.
  • Australian growth slows on hit from trade.

Spotlight On Next Week

  • US core inflation to moderate slightly.
  • The ECB to hold the line for now but signal imminent hike.
  • The RBA is poised to deliver a larger rate hike.

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