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April 13, 2026
UK CPI Preview (Apr 22): Inflation Being Fuelled But Watch Financial Conditions?
April 13, 2026 2:39 PM UTC
The stormy weather inflation wise is now very evident, most notably in UK fuel prices surging. Thus after a stable 3.0% (a 10-mth low) February’s headline – matching both consensus and BoE projections we see it jumping to 3.5% in March. Services, however, may stay at 4.3% which was a four-year
U.S. March Existing Home Sales - A weak month, downside risk in Q2
April 13, 2026 2:24 PM UTC
March existing home sales with a 3.6% decline to 3.98m are weaker than expected. There may be some lagged impact from bad weather in late February but if energy prices remain elevated, restricting the ability of the Fed to ease, there are downside risks in Q2.
Preview: Due April 14 - U.S. March PPI - Strongest since March 2022
April 13, 2026 12:51 PM UTC
We expect PPI to rise by 1.0% in March, which would be the strongest rise since March 2022. The rise will be led by energy, though the core rates ex food and energy at 0.5% and ex food, energy and trade at 0.4% are likely to maintain a recent acceleration.
Preview: Due April 30 - U.S. Q1 Employment Cost Index - Slightly stronger on the quarter, but slower yr/yr
April 13, 2026 12:35 PM UTC
We look for the Q1 employment cost index (ECI) to increase by 0.8%, slightly firmer than the 0.7% seen in Q4 that was the slowest since Q2 2021 but still seeing the yr/yr pace slow to 3.2% from 3.4%, reaching its slowest since Q2 2021.
Iran Blockade and What Next?
April 13, 2026 9:58 AM UTC
· Though the U.S. is introducing a blockade on Iran oil exports, we think the U.S. and Iran remain reluctant to restart the war. How Iran responds to the U.S. blockade is important. It could choose to respond by attacking Gulf energy installations before or after the 2-week ceasefir