How to trade on June 23?
The US-China trade deal and upcoming PMI are in focus of traders' attention.
In Japan, household spending rallies in April
In April, the costs of Japanese households rallied in April for the first time for three months. According to a Reuters survey conducted on Friday such a jump will bring relief after poor consumer spending in the first quarter.
A poll of 13 market experts disclosed that households are going to shell out about 0.8% more in April than they did in 2017, after consumption went down 0.7% in March and also 0.9% in February.
In general, in Japan, sales of consumer goods managed to revive in April. Additionally, sales of spring-summer clothes turned out to be firm, sales of new vehicles edged up.
Retail sales are seen reviving and market experts suggest household spending is going to tack on.
In April, retail sales went up by 1.6% in contrast with 2017, ahead of the average prediction of 1% per annum.
Apparently, data on household expenditures is built around the fact that a family of two or more folks spends on such items as housing, food, electricity, clothing, water, transportation, education and health, while retail sales data tracks supermarkets, department stores and shops.
As the Japanese yen was steady compared to the same period of 2017, the return on investment abroad probably sank for the third consecutive month in contrast with the previous year, as some financial analysts pointed out.
The Ministry of Finance is expected to uncover data on the current account on June 8.
In April, Japanese exports speeded up because of increased supplies of cars and equipment employed for semiconductor manufacturing, dropping a hint that firm overseas demand could assist the Japanese economy to revive from the tumble in the first quarter.
The Japanese economy dipped 0.6% year-on-year during the first quarter in the face of lower investment and consumption. Additionally, export surge weakened, although market experts expect the Japanese economy to revive in the second quarter.
Similar
JPMorgan’s prospect for V-shaped global recovery
Morgan Stanley analytics forecast the economy will return to pre-crisis levels by the fourth quarter. Here’s why.
Market outlook on June 10
USD is still loosing positions against major currencies. There is a good chance to gain on it! Let’s have a closer look.
Latest news
All attention to EUR after ECB rate statement
The European central bank will publish the main refinancing rate and make a statement on Thursday, July 16, at 14:45 MT time. Also, the ECB’s press conference will be later at 15:30 MT time.
What drives the market on July 15?
Optimism about the Moderna vaccine improved the market sentiment. Let’s have a closer look, what’s happening today.
How to trade CAD after BOC statement?
The Canadian central bank will announce interest rates and make a speech on Wednesday, July 15, at 17:00 MT time. Also, the BOC press conference will be later at 18:15 MT time.
Deposit with your local payment systems
