Economic News

BEIJING (Reuters) – Growth in China’s factory output slowed for a third straight month in May, possibly due to disruptions caused by COVID-19 outbreaks in the country’s southern export powerhouse of Guangdong.

TOKYO (Reuters) -Japan’s central bank should be cautious about deepening negative interest rates as such a move could have a “very big” impact on lenders’ earnings, the head of a lobby of regional banks said.

WASHINGTON (Reuters) – Federal Reserve officials on Wednesday are expected to at least flag the pending start of talks about when and how to exit from the crisis-era policies the U.S. central bank put in place at the onset of the coronavirus pandemic last year.

Economic data is on the lighter side today, leaving the markets to focus on tonight’s FOMC policy decision and projections… Economic data from China will set the tone early, however.

Australian shares closed at a record high on Tuesday after the RBA minutes signaled a continuation of its accommodative stance.

WASHINGTON (Reuters) – Wall Street took a step back from record highs Tuesday, as investors weighed whether higher inflation readings might nudge the U.S. Federal Reserve closer to tapering monetary stimulus.

NEW YORK (Reuters) – From lumber prices to wages and inventories: Reading the clues around inflation has turned into an investor obsession.

MEXICO CITY (Reuters) -Mexican President Andres Manuel Lopez Obrador said on Tuesday he would not be sending any initiatives to Congress to increase taxes, lending weight to evidence that a planned fiscal reform by his government will be modest in scope.

(Reuters) – London’s FTSE 100 equity index ended higher on Tuesday, lifted by gains in consumer staples and energy stocks, although a delay in lifting remaining COVID-19 restrictions in England curbed sentiment across the overall market.

Retail Sales declined by 1.3% month-over-month in May.

While inflation figures provided EUR support, trade data for the Eurozone failed to impress, leading to a pullback from current day highs…

PRAGUE (Reuters) – Easing inflation gives the Czech National Bank more time to assess when to raise interest rates, and it would be “more reasonable” keep rates unchanged at its June 23 policy review, board member Oldrich Dedek told Reuters.

BRUSSELS/WASHINGTON (Reuters) – The United States and European Union will pledge closer cooperation on fighting climate change at a summit on Tuesday, but will steer clear of setting a date to stop burning coal, according to a draft joint statement.

It’s a busier day ahead on the economic calendar. Stats from the Eurozone and the U.S will provide direction ahead of tomorrow’s FOMC policy decision and projections.

WASHINGTON (Reuters) – Global stock markets were mixed on Monday, U.S. Treasury yields ticked up and gold slid as investors prepared themselves for an upcoming Federal Reserve meeting and any clues on the trajectory of its unprecedented monetary stimulus.

Meanwhile, WTI oil managed to get above the $71 level as oil rally continues.

Eurozone industrial production figures come in ahead of forecasts delivering EUR support in spite of last week’s weak numbers from France and Germany.

LONDON (Reuters) – Carbon prices in the European Union’s emissions trading system are expected to rise significantly in the next decade due to tougher climate goals, market participants said in an industry survey published on Monday.

FRANKFURT (Reuters) -The euro zone economy is at a turning point but its recovery must be firm and sustainable before the European Central Bank can debate clawing back emergency support, ECB President Christine Lagarde told Politico in an interview.

The Fed’s two-day policy meeting will likely dominate investor behavior this week. Its forecasts could move the markets.