Last Friday brought another downbeat session in Wall Street, with the S&P 500 adding to recent losses to close 1.4% lower for the week.
Source
Asia Day Ahead: Subdued Start to the Week Amid Light Calendar in the Region
access_timeMay 13, 2024
Latest:
- This week brings the “most crucial CPI reading of 2024”, a “mini Super Bowl”
- Reserve Bank of New Zealand Q2 2-year Inflation Expectations 2.3% (prior 2.5%)
- Federal Reserve speakers coming up on Monday include Mester and Jefferson
- China to sell 20, 30 and 50 year Treasury bonds
- China’s “weekend’s data add to the probability of a surprise rate cut”
- Australia’s budget (due Tuesday) will assume inflation to return to 2 to 3% by end 2024
- PBOC sets USD/ CNY reference rate for today at 7.1030 (vs. estimate at 7.2284)
- Japan’s Kato says its natural that monetary policy will revert to positive interest rates
- USD/JPY sitting just below 156.00, Japan PM said on Friday he’s closely monitoring the yen
- PBOC is expected to set the USD/CNY reference rate at 7.2284 – Reuters estimate
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