Ultima MarketsMarket Review and Prospects Slow economic recovery in the United States new...

Last week, there was not much financial data, and the market was more focused on the United States4Monthly retail sales rate, recorded0.4%. This data is1The first growth since the beginning of the month, however, the market had previously expected0.8%. Therefore, the market showed a slight increase after the data was released Entanglement ，goldPrices and US bond yields fluctuate significantly.

It is worth noting that,4The simultaneous increase in retail sales and non farm employment data released at the beginning of the month indicates that2Month and3After the slowdown in monthly economic activity, the US economy has indeed shown a state of recovery, but the pace is still lower than expected.

Market outlook

Against the backdrop of gradually fading concerns in the banking industry, the debt ceiling will become the focus of attention in the coming period. If the ceiling is not raised for a long time, the US government may6In the event of a default at the beginning of the month, gold will continue to receive safe haven support. In terms of data, major economies will announce this week5monthPMIInitial data, while4Monthly CorePCEThe price index will be closely monitored.

5monthPMIData disclosure

This week, major economies including the UK, France, and the US will announce their latest updates one after another5Of the monthPMIInitial value data. Against the backdrop of slowing inflation and tightening monetary policies in various countries, the relationship between the service and manufacturing industriesPMIIndicators will help the market judge the current economic recovery situation of various countries.

New Zealand interest rate resolution

2023At the beginning of the year, New Zealand was heavily affected by natural disasters. Last week, the New Zealand Ministry of Finance clearly stated that New Zealand's fiscal indicators showed a mild deterioration, which increased the pressure on the New Zealand Federal Reserve. Market expectations for interest rate hikes this week25Basis points.

U.S.A4Monthly CorePCEAnnual rate of price index

The market focuses on4Numerous monthly data indicate whether the price level can continue to decline under sustained tightening monetary policy in the context of a slow recovery of the US economy. As a key indicator of the Federal Reserve's focus, this directly affects the future6Judgment on the Federal Reserve's monetary policy for the month.

Disclaimers

The comments, news, research, analysis, pricing, and other information contained in this article can only be considered as general market information and are provided solely to assist readers in understanding the market situation and do not constitute investment advice.Ultima MarketsReasonable measures have been taken to ensure the accuracy of the data, but the accuracy of the data cannot be guaranteed and can be changed at any time without notice.UltimaMarketsWe will not be responsible for any losses or losses (including but not limited to any loss of profits) that may arise from the direct or indirect use or reliance on such information