Look ahead: Bank of Japan interest rate decision; US consumer confidence; Tesco trading
The Bank of Japan is widely expected to keep interest rates unchanged, but the focus will on whether policymakers will be so united in this stance, this time round.
US consumer sentiment and import data come amid reports still pointing to sticky US inflation. Tesco releases its Q1 trading statement.
(AI Video Summary)
Central bank news
In the financial markets "Look ahead" for Friday, 14 June, focus remained on global central bank activities, particularly the Federal Reserve and the Bank of Japan (BoJ). Despite no expected changes from the BoJ, speculation about future rate hikes is keen.
Market analysts noted a persisting upward trend in the USD/JPY exchange rate, influenced by consistent policy decisions.
Indices and shares news
Additionally, US market indicators like import/export prices and the S&P 500 and Nasdaq futures shifted in response to changing inflation expectations and Fed rate cut prospects.
In the UK, attention revolved around Tesco's trading statement amidst political uncertainty, with its stock price showing potential for a downward trend if it breaches certain moving average levels.
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