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Big Week Ahead
This is a big week for the global capital markets. It is likely to prove to be the most significant week of the not only the first half of the year, but perhaps even the entire year. There are four major central bank meetings and the US employment data. The euro zone reports the flash reading of May's consumer prices and there are is the monthly cycle of purchasing manager indices. 1. ECB: In this eventful week, the ECB meeting is by far the most significant. Draghi came the closest the ECB does to pre-committing to moving this week, with the new staff forecasts in hand. There is some uncertainty of precisely what ... (full story)
