This week, the markets will closely watch inflation readings from major economies, including France, Spain, Italy, the US, Canada, Australia, and Japan. The Personal Consumption Expenditures (PCE) data from the US holds the greatest significance [4ddf4529]. In the euro area, the focus will be on the flash CPI from France, Spain, and Italy, as well as Germany's Ifo Business Climate Index. Spain saw a rise in inflation to 3.6% YoY in May, while France and Italy experienced relatively low consumer price pressure. Germany's business confidence continued to recover. Additionally, the first round of the French parliamentary election is taking place this week. In the US, the key focus will be on the country's final GDP data for Q1 and its PCE for May. Recent data has shown softened economic conditions and a trajectory of retreat for inflation. Australia's monthly CPI data for May and Tokyo's inflation reading for June are the key focus for Asia. Australia's inflation climbed to 3.6% in April, while Japan's national CPI rose to 2.8% in May. Higher-than-expected inflation in Japan may lead to intervention in the foreign exchange market and a raise in interest rates in July [4ddf4529].
In addition to inflation data, there are other key economic indicators to watch. Australia's data, which could impact carry trades, will be closely monitored, especially with the possibility of yen intervention. Canadian inflation is slightly easing but remains high due to service sector prices. In the US, the spotlight is on the Chicago Fed national activity and S&P/Case-Shiller home price indexes, alongside CB consumer confidence data. The API pair shows significant volatility amidst ambiguous Federal Reserve rate cut signals. Notably, FedEx earnings will provide insights into global economic health via freight demand trends, reflecting broader economic trends due to its diverse operations and recent cost-cutting measures [db1b1431].
The latest economic and financial analysis in Central and Eastern Europe, Middle East and Africa, and Commonwealth of Independent States (CIS) highlights the upcoming release of Australian May CPI data and the potential impact on interest rates. The analysis also provides an overview of global macro and market trends, including the performance of US Treasury yields, EURUSD, AUD, and US stocks. It mentions the G-7 macroeconomic updates and forecasts for May CPI inflation and industrial production [44a054f8].
This week, the markets will closely watch inflation readings from major economies, including France, Spain, Italy, the US, Canada, Australia, and Japan. The Personal Consumption Expenditures (PCE) data from the US holds the greatest significance. In the euro area, the focus will be on the flash CPI from France, Spain, and Italy, as well as Germany's Ifo Business Climate Index. Spain saw a rise in inflation to 3.6% YoY in May, while France and Italy experienced relatively low consumer price pressure. Germany's business confidence continued to recover. Additionally, the first round of the French parliamentary election is taking place this week. In the US, the key focus will be on the country's final GDP data for Q1 and its PCE for May. Recent data has shown softened economic conditions and a trajectory of retreat for inflation. Australia's monthly CPI data for May and Tokyo's inflation reading for June are the key focus for Asia. Australia's inflation climbed to 3.6% in April, while Japan's national CPI rose to 2.8% in May. Higher-than-expected inflation in Japan may lead to intervention in the foreign exchange market and a raise in interest rates in July.
In addition to inflation data, there are other key economic indicators to watch. Australia's data, which could impact carry trades, will be closely monitored, especially with the possibility of yen intervention. Canadian inflation is slightly easing but remains high due to service sector prices. In the US, the spotlight is on the Chicago Fed national activity and S&P/Case-Shiller home price indexes, alongside CB consumer confidence data. The API pair shows significant volatility amidst ambiguous Federal Reserve rate cut signals. Notably, FedEx earnings will provide insights into global economic health via freight demand trends, reflecting broader economic trends due to its diverse operations and recent cost-cutting measures.
The latest economic and financial analysis in Central and Eastern Europe, Middle East and Africa, and Commonwealth of Independent States (CIS) highlights the upcoming release of Australian May CPI data and the potential impact on interest rates. The analysis also provides an overview of global macro and market trends, including the performance of US Treasury yields, EURUSD, AUD, and US stocks. It mentions the G-7 macroeconomic updates and forecasts for May CPI inflation and industrial production [44a054f8].
The Wall Street melt-up continues ahead of the key US inflation reading on Friday. The US consumer data is also highlighted as it could provide more clues on the health of the US economy ahead of the election. The UK's Q1 GDP growth rate is mentioned as being in focus just days ahead of the general election [13df4b5f]. Angeline Ong previews the financial markets for Friday, 28 June, focusing on significant economic indicators like Japan's retail sales and industrial production, the Tokyo CPI, unemployment rates, and the crucial US PCE inflation figure watched by the Fed. The article also touches on political events affecting market sentiments in Germany, the UK, and the US. It concludes by urging viewers to follow IG for further trading analysis and updates.
