On the data docket for Wednesday 28 April 2021:
2301GMT UK data - BRC Shop Price Index y/y for April
prior -2.4%
British Retail Consortium monthly shop price index
2350 GMT Japan Retail sales for March
expected 0.6% m/m, prior 3.1%
expected 4.7% y/y, prior -1.5%
0130 GMT Australia inflation data - Q1 2021CPI
Headline
expected 0.9% q/q, prior 0.9%
expected 1.4% y/y , prior 0.9%
Core inflation:
Trimmed mean
expected 0.5 % q/q, prior 0.4%
expected 1.2% y/y, prior 1.2% (note, RBA target for core inflation is 2-3%)
Weighted median
expected 0.5% q/q, prior 0.5%
expected 1.3% y/y, prior was 1.4%
The Reserve Bank of Australia is viewing any rise in inflation as transitory only. If employment continues to rise and wage growth lifts then there may be a case for the RBA to reassess.
Also at 0130 GMT from Australia are preliminary trade balance data for March
