Post by: PocketOption on May 31, 2024, 07:01 am
OANDA Senior Market Analyst Kelvin Wong joins Jonny Hart to discuss this week’s key economic data and events. Firstly, Asian stock markets started the week with a bright spark as more stimulus measures are enacted out from China. This time round, China has announced a $45.5 billion semiconductor investment fund (Big Fund III), its largest funding till to date to propel development of the the domestic chip industry amid the ongoing US-China Tech War.
Secondly, key inflation data from Tokyo, US and Eurozone will be released on Friday, 31 May where the consensus is expecting core inflation for May in Eurozone to plateaued 2.7% y/y after a deceleration for the prior eight months.
Lastly, China NBS Manufacturing and Non-Manufacturing PMIs for May will be closely monitored to see whether April’s recovery can be maintained.
Source: Market Insights Podcast - Eurozone inflation, US PCE, Tokyo CPI & China PMI are the key focus for this week (https://www.marketpulse.com/podcasts/market-insights-podcast-eurozone-inflation-us-pce-tokyo-cpi-china-pmi-are-the-key-focus-for-this-week/kwong)