US data will be released at 10 AM including:
- Pending home sales for October. Estimate 0.5%
- Consumer confidence for November. Estimate 93.4 versus 94.6 in October.
- Richmond Fed composite index for November. Last month -4.0
US data will be released at 10 AM including:
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Japan May services PPI holds at 3.3% as freight and air costs surge on fuel shock. Japan's services inflation pipeline is running hot, and the fuel shock is doing most of the work.
UBS says market pricing of two Fed hikes by April is too aggressive, forecasting an extended hold before cuts in 2027 as tariff disinflation returns and growth softens.
PBOC is expected to set the USD/CNY reference rate at 6.7913 – Reuters estimate
SpaceX stock plunges 23% post-IPO, wiping out average investor gains. Valuation concerns rise.
The BOJ's June meeting summary shows broad board support for the rate hike on inflation spread risk, one deflation warning, and a decision to pause JGB tapering from April 2027.
$17.5B in nuclear loans fuel renaissance; expect supply chain boost & reactor growth.
TD Securities forecasts Australian May headline CPI easing to 4.2%, below the 4.3% consensus, with the RBA expected to hold in August even if inflation surprises higher.
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