- At 02:30 GMT, Japanese Finance Minister Shun’ichi Suzuki commented he is watching FX moves with a high sense of urgency. Though this time the impact resulted in a pickup in devaluation for the Japanese Yen. Markets expected to see action this Friday, not more words and same messages.
- At 12:30 GMT, the Personal Consumption Expenditures (PCE) for May will be released. Most important will be the monthly figures:
- Headline PCE expected to head from 0.3% to 0.0%.
- Core PCE should have a soft landing from 0.2% to 0.1%.
- At 13:45 GMT, Chicago Purchase Managers Index will be released. The number is expected to remain in contraction from 35.4 to 40.
- At 14:00 GMT the University of Michigan will release June’s final reading:
- Sentiment Index expected to head from 65.6 to 65.8.
- Inflation expectations should remain stable at 3.1%.
- Equities have chosen to go out with a bang, and are printing green numbers across the globe.
- The CME Fedwatch Tool is broadly backing a rate cut in September despite recent comments from Federal Reserve (Fed) officials. The odds now stand at 57.9% for a 25-basis-point cut. A rate pause stands at a 35.9% chance, while a 50-basis-point rate cut has a slim 6.2% possibility.
- The Overnight indexed Swap curve for Japan shows a 57.9% chance of a rate hike on July 31, and a smaller 19.8% chance for a hike on September 20.
- The US 10-year benchmark rate trades around the middle of this week’s range near 4.30%.
- The benchmark 10-year Japan Treasury Note (JGB) trades around 1.05%, and is easing a touch for this week
Peringatan: Pendapat yang disampaikan sepenuhnya merupakan milik penulis dan tidak mencerminkan posisi resmi Followme. Followme tidak bertanggung jawab atas keakuratan, kelengkapan, atau keandalan informasi yang disediakan, serta tidak bertanggung jawab atas tindakan apa pun yang diambil berdasarkan konten ini, kecuali dinyatakan secara tertulis.
Suka artikel ini? Tunjukkan apresiasimu dengan memberi hadiah untuk penulis.
