Look ahead: Core PCE; US personal income & spending; Japan retail sales; UK Q1 GDP growth rate
The Wall Street melt-up continues ahead of that key US inflation reading on Friday. Watch out for US consumer data too, which could provide more clues on the health of the US economy ahead of the election.
Plus, the UK’s Q1 GDP growth rate will be in focus, just days ahead of the general election.
(AI Video Summary)
US and Japanese trading data
Angeline Ong previews financial markets for Friday, 28 June, focusing on significant economic indicators like Japan's retail sales and industrial production, the Tokyo CPI, unemployment rates, and the crucial US PCE inflation figure watched by the Fed. She discusses currency dynamics, noting the potential weakening of the Japanese yen against a strengthening US dollar despite Japan's intervention threats.
Political impacts on trading
Ong also touches on political events affecting market sentiments in Germany, the UK, and the US. Highlighted are the resilience of the US consumer, key GDP figures, and stock market trends like the steady uptrend in the S&P 500. She concludes by urging viewers to follow IG for further trading analysis and updates.
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