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4 Feb 2015
Key events coming up - Rabobank
FXStreet (Guatemala) - Analysts at Rabobank noted the key events coming up.
Key Quotes:
"Today expect more oil and Greece although from a data perspective we have services PMIs from China (the HSBC version), India, and then across Europe and the US."
"We also get the US ADP employment survey, where expectations are for a steady 220K increase, down slightly from 241K last month. Again, the Fed keeps expecting that to lead to wage inflation, and so far it doesn’t."
"Perhaps they need to extend their own research into history to note that in the period before the development of organized labour classical economic commentators regarded wages as only ever keeping pace with the cost of living at best - "Das eiserne und grausame Gesetz”, (‘that iron and cruel law’) as Lassalle put it then; and, one hopes, as Angela Merkel will not put it today."
Key Quotes:
"Today expect more oil and Greece although from a data perspective we have services PMIs from China (the HSBC version), India, and then across Europe and the US."
"We also get the US ADP employment survey, where expectations are for a steady 220K increase, down slightly from 241K last month. Again, the Fed keeps expecting that to lead to wage inflation, and so far it doesn’t."
"Perhaps they need to extend their own research into history to note that in the period before the development of organized labour classical economic commentators regarded wages as only ever keeping pace with the cost of living at best - "Das eiserne und grausame Gesetz”, (‘that iron and cruel law’) as Lassalle put it then; and, one hopes, as Angela Merkel will not put it today."