U.S. jobs report, ECB rate cut, and Bank of Canada interest rate decision dominate this week's economic calendar.
This week's economic calendar will be dominated by the U.S. jobs report, ECB's expected rate cut, and the Bank of Canada's interest rate decision. In Asia, Australia's economic growth figures, along with PMI data and a central bank decision from India, will also be in focus. Investors are uncertain whether the U.S. economy is slowing sufficiently to allow the Federal Reserve to cut interest rates in the coming months. The European Central Bank is expected to begin lowering rates, while the Bank of Canada could also cut rates. Inflation prints and trade figures will also provide insights into central banks' battles with price pressures.
June 02, 2024
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