Weekly Market Outlook by Charalambos Pissouros
The calendar is rather interesting this week, with two major central banks holding their monetary policy gatherings: the RBA and the ECB. The former is expected to hike interest rates by 25bps, but due to the overly #hawkish expectations for its future course of action, the accompanying statement may be more important. The ECB is not expected to hike, but due to the increasing best over hikes in July and September, we will look for hints on that front. Elsewhere, the US #inflation numbers, and Canada’s employment data could well shape expectations around the Fed and the #BoC, while China’s price figures could prove important for the broader #market sentiment.
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