Preview of week starting 11 July 2022
Public Holidays (China, Hong Kong, Singapore and USA) Singapore - public holiday on 11 July 2022 Economic Calendar This week's key economic data will be the Core CPI (Mom) June 2022. This will reflect the ongoing inflation and with this data, the Fed can decide how they need to adjust their interest rate and asset sales accordingly leading to the next rate hike. The crude oil inventories remain an item of interest as President Biden has committed a portion to be released to the market in an attempt to bring down the surging fuel costs. This is a good attempt but it may not be sustainable for the longer term. The crude oil inventories can provide an indication of how the producers view the market demands of coming weeks. PPI is also an good indication on how the inflation has affected manufacturers. Investing dot come has defined PPI as the following: The producer price index (PPI) measures the average change over time in the prices domestic producers receive for ...