Look ahead: Australia inflation; German consumer confidence; Pets at Home; HP
AUD/USD within strike of 0.6650 ahead of CPI data. German consumer confidence comes amid growing expectations the European Central Bank will cut interest rates in June.
In the UK, look out for earnings from Pets at Home and JD Sports Fashion. HP is expected to report a 2.4% fall in quarterly revenue.
(AI Video Summary)
Watching the AUD
Angeline Ong hosts the "Look ahead" for financial events for 29 May, emphasising the anticipation of Federal Reserve's rate cut and potential policy decoupling from the ECB and the Bank of England. Key topics include the Australian dollar's response to expected inflation data, with CPI forecasted at 3.3% year-on-year.
Market news
She also highlights the impact of iron ore prices and upcoming economic indicators like the German consumer confidence and US core PTE. Oil inventories and major earnings reports, particularly from HP, Pets at Home, and JD Sports Fashion, are also discussed, underscoring market sensitivity to these data points amidst awaited monetary easing.
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