UK: Timeline of key events (Times BST)

May-18 05:23
Date Time Period Event
18-May 0700 Apr Consumer Inflation / Producer Prices
18-May 0930 Apr ONS House Price Index
20-May 0001 May Gfk Monthly Consumer Confidence
20-May 0700 Apr Retail Sales
20-May 0830 ---- BOE Chief Economist Huw Pill speech
20-May 1100 May CBI Industrial Trends
23-May 1715 ---- BOE Governor Bailey Panels Discussion
24-May 0700 Apr Public Sector Finances
24-May 0930 May IHS Markit Manufacturing / Services/Composite PMI (p)
24-May 1815 ---- BOE Tenreyro Panels Discussion
25-May 0001 May XpertHR pay deals for whole economy
25-May 1100 May CBI Distributive Trades
01-Jun 0001 May BRC Monthly Shop Price Index
07-Jun 0001 May BRC-KPMG Shop Sales Monitor

Historical bullets

UK: Timeline of key events (Times BST)

Apr-18 05:23
Date Time Period Event
20-Apr 0945 ---- BOE Mutton Panelist on Central Bank Digital Currencies
21-Apr 0001 Apr XpertHR pay deals for whole economy
21-Apr 1400 ---- BOE Mann Speaks at BOE Webinar
21-Apr 1730 ---- BOE Bailey at Peterson Institute Event
22-Apr 0001 Apr Gfk Monthly Consumer Confidence
22-Apr 0700 Mar Retail Sales
22-Apr 0930 Apr IHS Markit Manufacturing / Services / Comp. PMI (flash)
22-Apr 1530 ---- BOE Bailey Panels IMF Event
26-Apr 0700 Mar Public Sector Finances
28-Apr 0001 Apr BRC Monthly Shop Price Index
04-May 0930 May BOE M4 / Lending to Individuals
05-May 1200 ---- Bank Of England Interest Rate / QE
06-May 0930 Apr IHS Markit/CIPS Construction PMI
10-May 0001 Apr BRC-KPMG Shop Sales Monitor

EUROZONE: Timeline of key events (Times BST)

Apr-18 05:18
Event Time Country Event
19-Apr ---- EU ECB Lagarde & Panetta in IMF/World Bank Meetings
20-Apr 0700 DE PPI
20-Apr 1000 EU Trade Balance / Industrial Production
20-Apr ---- EU ECB Lagarde & Panetta in IMF/World Bank Meetings
20-Apr ---- EU ECB Lagarde & Panetta at G7/G20 Meetings
21-Apr 0745 FR Manufacturing Sentiment
21-Apr 1000 EU Construction Production
21-Apr 1000 EU HICP (f)
21-Apr ---- EU ECB Lagarde & Panetta in IMF/World Bank Meetings
21-Apr 1500 EU Consumer Confidence Indicator (p)
21-Apr 1800 EU ECB Lagarde at IMF Debate

JGBS: Curve Steepens, Futures In Narrow Range

Apr-18 05:00

The cheapening impetus from U.S. Tsys was felt in the JGB space, with benchmark JGBs running little changed to ~2bp cheaper as we move towards the Tokyo close.

  • 5s lagged the wider sell off, while the super-long end of the curve led the way lower. JGB futures are 8 ticks softer on the day, off worst levels of the session, hugging a narrow range.
  • Most of the local focus has fallen on the latest raft of policy maker communique re: FX matters. On that front, Japanese Finance Minister Suzuki reiterated the need for vigilance when it comes to monitoring FX rates, presenting some indecision when it came to the net impact of the recent JPY weakness.
  • Elsewhere, there was a more guarded tone from BoJ Governor Kuroda re: JPY weakness, with a particular focus on the speed of moves and impact that such moves can have on different sectors of the economy (although he did ultimately reaffirm the overall net positive impact of a weaker JPY on the Japanese economy, noting that it is still “basically positive overall”)