Key events in U.S. shift ahead - Westpac

Analysts at Westpac noted the key events occurring in the U.S. session.

Key Quotes:

"The US data calendar holds some interest. The NY Fed’s Empire State manufacturing survey is expected to tick up to a still muted 2 in Apr from 0.6 in Mar, while March industrial production is seen down -0.1% but manufacturing up 0.1%. The University of Michigan April consumer sentiment index is expected to edge up to 92, well within the past year’s range.

Chicago Fed president Evans is due to speak on the economy and policy. He is a non-voter on the FOMC this year and usually very much on the dovish side of the spectrum. However, earlier this month Evans was happy to deem “two more rate hikes this year” to be appropriate, which made him sound like a hawk compared to Chair Yellen."