Events to Look Out for Next Week
- Retail Sales (AUD, GMT 01:30) – Final Australian sales for April should fall to 1% m/m from 1.6% m/m.
- Core PCE Price Index (USD, GMT 12:30) –US personal income rose 0.5% and spending climbed 1.1% in March after respective gains of 0.7% (was 0.5%) and 0.6% (was 0.2%). January income rose 0.2% (was 0.1%) and spending bounced 2.0% (was 2.7%). PCE deflators, the FOMC’s favorite, posted a steep 0.9% headline gain versus 0.5% previously.
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