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Weekly Focus – Will Fed Heed the Easing Calls?

Jun 14 19, 14:22 GMT

Market movers ahead

We expect the Fed to make a dovish policy shift at the upcoming meeting.
June PMI figures on both sides of the Atlantic will give more clues on whether the cyclical downturn continues.
In Europe, a range of important decisions loom at the EU summit and markets will keep a close watch on monetary policy hints from the ECB’s Sintra Forum.
The UK Conservative Party leadership contest continues, while the Bank of England meeting should not bring much news.
We expect the Bank of Japan to keep its assessment of the economy at its meeting.
We expect Norges Bank to raise its policy rate by 25bp to 1.25%.

Weekly wrap-up

Calls for central bank easing are getting louder both in the US and Europe.
We published our updated global view in The Big Picture (audio recording here ).
ECB credibility continues to be challenged with euro area (market-based) inflation expectations nose-diving.
Trade conflicts and geopolitical risks continue to weigh on risk sentiment.

Full report in PDF.

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