Ultima Markets[Market Review and Prospects] Inflation Data Intensive Announcement, United States...

Last week's market review

Last week's Super Central Bank Week, all four major central banks chose to suspend interest rate hikes. Federal Reserve9The dot matrix of the month still indicates the probability of interest rate hikes within the year. The Bank of Japan continues to patiently implement monetary easing measures, and the current domestic economic data in the UK is not very good, which also leads to a low market outlook on the probability of the Bank of England continuing to raise interest rates in the future, in addition to this pause in rate hikes.

In terms of data, European countriesPMIThe data all performed poorly and still did not exceed50Above the boom and bust line, even the initial values of France and the eurozone are still in a downward trend month on month. American9monthMarkitmanufacturingPMIInitial value recorded48.9, creating2It has reached a new high for six months, but has been in a contraction range for five consecutive months.

Market outlook

Although Super Central Bank Week has passed, the market may still find it difficult to calm down this week. The Eurozone will release the latest9Monthly inflation data, while the Federal Reserve and Australia release8The annual inflation rate of the month. At a time when central banks have pressed the pause button for monetary policy, inflation risk remains the focus of attention. In addition, the US government may face the risk of shutting down again this week. Congress needs to9Agree to the temporary expenditure bill before the end of the month.

The Trend of Monetary Policy in the Eurozone

On Monday, at the hearing of the European Parliament's Economic and Monetary Affairs Committee, ECB President Lagarde will make an introductory statement. On Friday, the eurozone will announce9monthCPIMonthly rate. Can inflation affect9Further slowdown in the month is the key to determining future interest rate hikes by the European Central Bank. Inflation in the eurozone slowed down last month, and investors believe that9Mid month is the last round of tightening by the European Central Bank, but ECB President Lagarde has been opposing this speculation and is paying attention to her speech today.

Inflation issues in Australia

Australia is about to announce this Wednesday8End of Month Seasonal AdjustmentCPIAnnual rate, data affects short-term investor decisions.8At the end of the month, Australia's monthly inflation indicators were lower than expected, based on the reason why the Federal Reserve of Australia had extended the pause in interest rate hikes. The long-term average inflation affected by economic weakness and supply shocks indicates that the Australian Federal Reserve is on the right path.

US Economic and Inflation Data

The United States will release numerous data in the second half of this week, including the second quarterGDPand8Monthly CorePCEAnnual rate is the focus of market attention. As the Federal Reserve is concerned about data,8Monthly CorePCEIf the annual rate of the price index continues to decline, this data may be low enough for the Federal Reserve, which is looking for signs of excessive tightening, to reconsider its11Month or12The possibility of a monthly interest rate hike.

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.Ultima MarketsWe 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.