This week’s key financial events include: Apple’s Worldwide Developers Conference (WWDC), the European Central Bank’s (ECB) interest rate decision and the revised GDP data of various countries. It will be revealed this week, allowing the market to observe inflation trends and consumer perceptions of future financial prospects.
This week’s trading notes (0606-0610)
1. Apple WWDC
Apple will hold the 2022 WWDC Global Developers Conference at 1:00 am on Tuesday (7th) Taipei time. Compared with the previous two years due to the epidemic, the biggest difference in this year’s WWDC conference is that Apple invites hundreds of software developers Staff, media and students visited Apple’s California headquarters to watch the pre-recorded product announcement.
At the conference, Apple is expected to showcase software updates for the iPhone, iPad, Mac, Apple Watch and Apple TV, and may announce the next-generation processor chip “M2” and a redesigned MacBook Air, but a long-rumored mix Reality headsets and the new RealityOS operating system probably won’t make an appearance yet.
2. ECB interest rate decision
The European Central Bank (ECB) will hold an interest rate meeting on Thursday (9th), and the market expects that the ECB will announce a halt to its bond-buying program and prepare for a rate hike starting in July.
Against the background of record high inflation, ECB officials have reached a clear consensus on tightening policy, and now most of the internal debate in the Governing Council revolves around the magnitude of interest rate hikes, that is, whether it is appropriate to raise interest rates by 2 yards, and how much interest rates will eventually rise. high.
3. US May CPI
The United States will announce the May CPI and the Michigan consumer confidence index on Friday (10th). The market expects that the core CPI in May will cool down from the previous month, from 0.6% in April to 0.5%, and the annual growth rate is estimated From 8.3% to 8.2%, however, the overall CPI is expected to continue to rise, driven by food and energy prices, as gasoline prices continue to rise, with monthly growth estimated at 0.7% from 0.3% in April.
Cleveland Fed President Loretta Mester said on Friday that she doesn’t see enough evidence that inflation has peaked, even as some economists argue that inflation has peaked , support multiple rate hikes of 50 basis points to combat inflation.
The Federal Reserve (Fed) entered a quiet period of speech ahead of the rate meeting this week, as the June rate meeting begins on June 14-15.