Next week, traders will be keeping a close eye on several key events and releases that could impact the markets. These include the US Consumer Price Index (CPI) and Producer Price Index (PPI), U.S. Treasury auctions for three-year, 10-year, and 30-year bonds, the Reserve Bank of New Zealand’s interest rate decision, and Federal Reserve Chair Powell’s testimony on Capitol Hill.
On Tuesday, Fed Chair Powell will testify before Congress, and the U.S. Treasury will sell three-year notes. In addition, China will release its CPI and PPI data, while New Zealand will announce its Official Cash Rate with no expected changes.
The following day, Powell will testify again, and the U.S. will hold a 10-year bond auction.
Later in the week, investors will be watching for the UK’s GDP data, U.S. Core CPI, CPI, and Unemployment Claims figures, as well as the 30-year bond auction.
To round out the trading week, there will be key releases such as U.S. Core PPI, PPI, Preliminary University of Michigan Consumer Sentiment, and Inflation Expectations data.
Overall, these events and releases will provide valuable insights for traders looking to make informed decisions in the upcoming trading week. Stay tuned for updates and analysis on how these factors could impact the financial markets.