New Zealand trade data, Japanese services PPI, and Australian CPI data are among the key economic indicators scheduled for release in the coming days. Australian CPI data, particularly the quarterly inflation rate, will be closely watched for its impact on the Reserve Bank of Australia’s (RBA) monetary policy stance.
The week kicks off with key economic and earnings releases. The global Purchasing Manager’s Index (PMI) for manufacturing and services is expected to remain steady at 52.0 for the US. New home sales and the Richmond Fed manufacturing index will also be released. The auction of $69 billion in 2-year notes at 1 pm ET bears watching, as two-year yields hover near 5%. After the market closes, earnings reports from Tesla, Visa, and Texas Instruments will cap the day’s events.
