Reply To: Traders Market Weekly: Powell Testifies

#60360
Truman
Participant

The People’s Bank of China lowered its medium-term lending facility rate by 10 bps to 2.65%, marking the first cut in ten months.

China’s National Bureau of Statistics cautioned that the economic recovery is not yet solid. Japan’s Prime Minister Kishida said that he will not dissolve the lower house of parliament during the current session.

China’s May Industrial Production 3.5% yr/yr (expected 3.8%; last 5.6%), May Retail Sales 12.7% yr/yr (expected 13.7%; last 18.4%), May Fixed Asset Investment 4.0% yr/yr (expected 4.4%; last 4.7%), and May House Prices 0.1% yr/yr (last -0.2%). May FDI 0.1% YTD (last 2.2%)