The U.S.-China trade battle will be back in focus this week following the agreement with Mexico announced late last week that suspended the imposition of new tariffs on Mexican imports. Investors will also be paying attention to inflation and industrial production numbers this week.
The consensus forecasts are that the U.S. consumer and producer price indexes were up just 0.1% in May, providing more support for the Fed to begin cutting rates. U.S. industrial production is expected to have rebounded 0.2% in May following a 0.5% dip in April. Other U.S. economic releases due out this week will cover job openings and labor turnover, retail sales, consumer sentiment, and business inventories. Overseas, China reports on trade, consumer & producer prices, industrial production, and retail sales. In Europe, new figures are due out on Euro zone industrial production as well, while in the U.K. the race to replace Theresa May as head of the Conservative Party heats up. Have a great week!
