The US Markit will publish Flash Manufacturing and Flash Services PMIs (purchasing managers' indices) on June 23 at 16:45 GMT+3.
Equity exposure is trimmed by China’s funds amid tighter regulation
In China, fund managers have already trimmed the suggested equity exposure for the next three months to the lowest value in 6 months. It’s because of surging risk appetite amid tightening government regulations to tame speculation.
This week, China's government held the 40th study gathering on national financial stability and security this week. Xi Jinping, the country’s president delivered a speech on financial stability. It undoubtedly sends a crucial signal to back the ongoing tightening of financial regulation as well as enforcement, as some financial experts state.
The equity allocations were reduced to 76.3% by the fund managers, down from 79.4% a month earlier, according to a survey of eight China-based fund managers.
By the way, the fund managers have increased the suggested bond allocations for the upcoming three months to about 11.3% from the previous month’s 7.5%.
The Bank of England will publish a monetary policy summary on Thursday, June 16, at 14:00 MT time (GMT+3).
The Federal Reserve will make a statement regarding the future monetary policy on Wednesday, June 15, at 21:00 MT time (GMT+3).
The Federal Open Market Committee, a committee within the Federal Reserve, will reveal a detailed record of the central bank’s last meeting on July 6 at 21:00 MT.
The Reserve Bank of Australia will announce its cash rate and make a statement about future rate policy on Tuesday, July 5, at 07:30 MT.
The US Institute for Supply Management will release ISM manufacturing PMI on July 1, 17:00 GMT+3.