US markets will be driven by offshore events this week. The slowing offshore is tied to reckless Fed policy and central bank braking. The following releases then are key: EU PPI (6/6) and EU Retail Sales (6/7), German Factory Orders (6/7) and Ind Production (6/8), Germany CPI (6/10) and China’s Trade Balance (6/10).
Higher price figures may get a pass due to the recent slip in commodity prices, in turn giving central banks license to hold fire.
Robert Craven
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