Reported about 1 year ago
This week marks the beginning of a new round of 'Central Bank Super Week' where several central banks globally will announce their rate decisions. Market attention is focused on whether the Bank of England will follow the European Central Bank in cutting rates. The UK's upcoming CPI and PPI data may provide clues regarding the Bank of England's rate prospects. Other central banks, such as Switzerland and Norway, which have already started rate cuts, are also under scrutiny. Additionally, France is set to release its PMI data amid investor concerns over the upcoming parliamentary elections. Last week saw significant stock market declines in France, with major banks experiencing their largest drops since the 2023 crisis. Market watchers are also anticipating public speeches from several Federal Reserve officials this week, with optimism growing for rate cuts in the second half of the year based on stable US inflation data and comments from Fed Chairman Powell.
Source: YAHOO