National Australia Bank on the inflation figures due from Canada & confidence data from the US on Friday
More interesting offshore tonight will be Canadian CPI - given that markets are about 80% priced for another Bank of Canada rate rise during the 4th quarter - and the preliminary University of Michigan consumer sentiment August read-out.
- Canadian CPI is seen lifting to 1.2% from 1.0%
US consumer sentiment is forecast to have lifted from 93.4 to 94.0 (after the July reading showed a quite pronounced dip).
- This week's retail sales data told us that the dip fell into the category of "watch what they (consumers) do, not what they say". We're also interested in the inflation expectations reading, last at 2.6% and which has not been trending down unlike other inflation related readings of late.
