Investing.com - Financial Markets Worldwide

Main Focus On Euro Area Industrial Production For May

ByDanske Markets
Published 07/15/2013, 05:52 AM
Updated 05/14/2017, 06:45 AM

In the U.S., several FOMC members are scheduled to speak and might add something to Bernanke's recent dovish comments. James Bullard (voting dove) and Charles Plosser (non-voting hawk) will be crossing swords in connection with a conference in Jackson Hole. Bullard is one the FOMC-members arguing more attention should be paid to current low inflation, and for that reason tapering now would be premature. Plosser will be a voting member next year, and will no doubt argue that the Fed's QE programme should be terminated sooner rather than later. San Francisco Fed president John Williams (a non-voting dove) will also be speaking about his recently released research paper A Defence of Moderation in Monetary Policy. As the title suggests, it appears he is in favour of starting tapering soon and possibly even terminating the QE program relatively fast, even though he is considered a dove.

In Europe the main focus is expected to be on euro area industrial production for May. This is usually not a number that surprises many as most of the individual countries have already reported. We expected a slight decline in May, but it came on the back of moderate increase in the three previous months, so the overall picture remains stabilization.

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