MORNING MINUTE JUNE 28th

Good morning everyone. Darren at Leviathan Financial. So we had poor news outta China as the industrial complex there put out, weaker than expected numbers for the period of January to May 19% down on the previous year. We’ve also had E c b President indicate that there will be further, uh, interest rate rises on the horizon, , to fight the battle against inflation.
However, having said that, consumer confidence was. , very strongly out of the US sending stock markets soaring so, with the European bourses also showing up about 1% at the moment. , you’re gonna come in. The s and p is slightly off., less than 0.1%, uh, and sticking above that 4,400 level, after a big rally yesterday.
Uh, the focus you should have on is basically there are three numbers, uh, C P I ,PPI and p c e, , numbers. PCE is out on Friday. So keep an eye on that. Basically, inflation has been coming down, so that has been the trend. , numbers coming out today, got the retail inventories. Fed Chairman Powell speaking at eight 30 will be interested to see what he has to say, , to give indication as to whether or not there is likely to be another hike of the July meeting, , which is currently what we are building into the market.
So anyway, so for me, good luck everyone and have a great day.