The coming week is set to be action-packed with significant events that will shape economic and policy directions both in India and globally. Here's a detailed look at what's on the radar.
Monday, June 3
#AutomobileSales: Automobile manufacturers will release wholesale dispatch numbers for May. Channel checks by analysts indicate a moderation in passenger vehicle retail sales.
#ManufacturingPMIs: HSBC will update the final India Manufacturing PMI data for May. Preliminary estimates indicated a moderation. May manufacturing PMIs for China, the Euro Area, and the US will also be updated.
#IPO: The IPO of Kronox Lab Sciences opens for subscription, with a price band of Rs 129-136 per equity share.
Tuesday, June 4
#IndiaElectionResults: Results of the General Elections conducted over April-June 2024 will be declared. These results will be closely tracked given their influence over future policy direction. S&P Global expects broad continuity in economic reforms and fiscal policies, regardless of the outcome.
#USJobOpenings: The number of job openings for April will be updated. In March, job openings had declined sequentially.
Wednesday, June 5
#ServicesPMI: HSBC will release the final India Services PMI data. Preliminary estimates indicated an improvement in the services sector activity. Final May services PMI data for major countries including China, the Euro Area, and the US will also be updated.
#AustraliaGDP #BankOfCanada: The Bank of Canada is expected to cut interest rates amid easing price pressures. Separately, Australia will release GDP data for the quarter ending March 2024.
Thursday, June 6
#ECBInterestRateDecision: The European Central Bank is widely expected to cut interest rates in its June meeting as inflation eases.
#USJoblessClaims: The number of people claiming unemployment benefits increased in the week ending May 25. Data for the week ending June 1 will be updated.
Friday, June 7
#IndiaInterestRateDecision: The Reserve Bank of India will decide on interest rates. The central bank left its benchmark policy repo unchanged at 6.5 percent in the April meeting.
#USUnemploymentRate: The US unemployment rate for May will be updated, expected to remain stable after a slight rise in April.
This week promises to be dynamic with critical updates and decisions that will impact markets and economies worldwide. Stay tuned for more updates!
#Economy #Finance #Elections #RBI #ECB #PMI #AutomobileSales #IPO #InterestRates #GDP #Unemployment
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