The Day Ahead

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๐Ÿ‡บ๐Ÿ‡ธ United States
NY Fed 1-Year Inflation Expectations: Rose slightly to 3.1% in May from 3.0% in April. This suggests increasing consumer concerns about short-term inflation, potentially influencing Fed policy.

Wholesale Trade Sales (April): Awaiting data.

๐Ÿ‡จ๐Ÿ‡ณ China
May CPI: Up 0.3% YoY, but fell 0.1% MoM โ€” indicating weak consumer demand.

May PPI: Fell 1.4% YoY, a slower decline than before, suggesting factory-gate prices may be stabilizing.

Trade Balance: Surplus widened to $103.22 billion. Exports rose 4.8% YoY, but exports to the U.S. dropped 34.5%, reflecting trade tensions.

๐Ÿ‡ฏ๐Ÿ‡ต Japan
Economy Watchers Survey (May): Sentiment remains cautious due to global economic uncertainties.

Bank Lending (May) and BoP Current Account/Trade Balance (April): Data not yet released but a current account surplus is expected.

๐Ÿ‡ช๐Ÿ‡บ ECB
Frank Elderson (ECB Executive Board): Speaking today. Markets will watch closely for signals on future ECB rate moves in light of recent inflation and growth data.

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