– Japan recorded the first current account deficit (sa) since 1996
– AU employment surprised strong, NZ weak
– Focus on BoE and ECB
– Spain to sell 2yr, 5yr and 20yr bonds today
What to watch for today
USD: Jobless claims. The data calendar remains light in the US today, with jobless claims as the main event. Markets are looking for a 365K reading, in line with the 363K reading from last week. Our economists are looking for a slightly better-than-consensus reading of 355K.
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