Last week’s weak PMI reports showed manufacturing activity contracting for a third month in a row and services activity shrinking for the first time in 11 months.
Additionally, crypto markets have settled a little following the volatility in the wake of the spat between US President Donald Trump and tech billionaire Elon Musk late last week.
However, some of that may return this week when key inflation and consumer sentiment reports are released.
On top of this, the next round of US-China trade talks is scheduled to begin on Monday, commented the Kobeissi Letter.
Economic Events June 9 to 13
The most impactful report of the week is May’s Consumer Price Index CPI which is one of the two key measures of inflation. Central bank policymakers and investors closely monitor the CPI report as it reflects price trends across the economy and shapes sentiment.
The May CPI report is likely to confirm that price pressures remain elevated, according to analysts.
May’s Producer Price Index (P
We współpracy z: https://cryptopotato.com/bitcoin-volatility-ahead-3-things-that-could-move-crypto-markets-this-week/
