United States Personal Consumption Expenditures - Price Index (MoM) came in at 0.4% below forecasts (0.5%) in May
United States Gross Domestic Product Annualized came in at 2.1%, above expectations (1.6%) in 1Q
United States Personal Consumption Expenditures Prices (QoQ) registered at 4.6% above expectations (4.5%) in 1Q
United States Durable Goods Orders meets expectations (-4.5%) in May
United States Durable Goods Orders ex Defense down to -4.6% in May from previous 8.1%
United States Core Personal Consumption Expenditures - Price Index (YoY) in line with forecasts (3.4%) in May
United States Durable Goods Orders ex Transportation above expectations (0.6%) in May: Actual (1.3%)
United States Initial Jobless Claims 4-week average increased to 224.25K in June 19 from previous 223.25K
United States Chicago Fed National Activity Index : -0.1 (May) vs previous 0.14
United States Initial Jobless Claims registered at 215K, below expectations (225K) in June 19
ING’s Frantisek Taborsky warns that a stronger Dollar and lingering Fed hike risks are pressuring Central and Eastern European currencies. Weaker FX raises inflation concerns for open CEE economies just as higher Oil and food prices loom.
ABN AMRO’s Georgette Boele flags that speculative positioning in the Japanese Yen is very stretched, with large net shorts coinciding with USD/JPY trading near levels last seen in 1986.
