Caspar Rock: Monday markets - the week ahead on 24 June
More important than this week’s data releases is the upcoming G20 summit in Tokyo – and whether it might ease the US/China trade standoff
Key data this week
On Wednesday, we get data on US durable goods orders. Recent figures have been weak. On Friday, the market will be looking out for the Personal Consumption Expenditures index, the Fed’s preferred measure of inflation.
Trump and Jinping expected to meet at G20
Upcoming data will be overshadowed by next weekend’s G20 summit in Tokyo. Markets are now expecting a cooling of tensions between the US and China.
Stock and bond markets supported by Fed’s dovish outlook
The US central bank lowered their long-term forecasts for short-term interest rates. The gold price also rallied strongly.
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