US Dollar:
1. The US May PCE annual rate broke through the 4% mark for the first time in three years, and Q1 GDP growth was revised upward from 1.6% to 2.1%.
2. With the Supreme Court completing its opinion, the ruling in the Fed Governor Cook case is expected to be released next week.
3. Fed – Williams: Inflationary pressures are expected to ease, pushing the timeline for achieving the 2% inflation target to 2028; Goolsby: Underlying inflation remains too high and the trend is unfavorable. Agrees with Warsh's view that speculation about future interest rates should be avoided.
Euro:
1. ECB Executive Board member Schnabel: From today's perspective, we need to raise interest rates further to restore inflation to our 2% target in the medium term.
2. ECB: The ECB will include non-financial credit asset portfolios in the general collateral framework and gradually phase out temporary measures; non-financial corporate credit asset portfolios will be included in the general collateral framework.
3. Germany plans to issue €47 billion in money market facilities in the third quarter.
4. French Finance Minister: The government aims to reduce the deficit to below 5% by 2026.
Pound Sterling:
1. Bank of America: Expects the Bank of England to keep interest rates unchanged in 2026, after previously forecasting 25 basis point hikes in July and September this year.
Japanese Yen:
1. Daiwa Securities: Japan's investment plans may exacerbate concerns about fiscal conditions in the Japanese government bond market.
2. According to Tokyo Broadcasting System: Japan plans to fund its proposed consumption tax cut by reviewing subsidies rather than issuing deficit-covering bonds.
Other:
1. Australia's property tax reform finally passes, tightening tax breaks for investors.
2. Czech Central Bank meeting minutes: The committee unanimously agreed to base decisions on newly acquired data at future meetings and to consider actions very cautiously.
3. According to a Reuters survey: The South Korean won has surpassed the Indonesian rupiah to become the most unpopular Asian currency; bearish sentiment towards the rupiah hit a mid-April low; short bets on the Indian rupee have fallen to their lowest level in 11 months.
4. Hungarian government bond yields are converging with those of the UK, with Eastern European "outcasts" becoming new investment favorites.
5. Following a powerful earthquake in Venezuela, the Caracas Stock Exchange suspended trading on Thursday.
6. The International Monetary Fund (IMF) will release an updated version of its World Economic Outlook on July 8, at which time it will decide whether to continue using the three-scenario approach or revert to the traditional baseline forecast.
7. The Bank of Mexico kept interest rates unchanged at 6.50%, stating that inflation risks remain skewed to the upside.
8. The Reserve Bank of India plans to ease access to the money market, expanding participation for non-bank institutions and enterprises.
9. Indonesia's Finance Minister announced that Indonesia will issue Panda bonds at the end of July to absorb more demand; it will also inject 400 trillion rupiah of liquidity from surplus cash into state-owned banks to promote credit growth.
10. Statistics Sweden: Sweden's PPI rose 6.6% year-on-year and 1.3% month-on-month in May. 11. From January to May, my country's total outbound direct investment across all industries reached 506.95 billion yuan, a year-on-year increase of 3%.
