Following the Federal Reserve’s last interest rate meeting this year, the central banks of Australia and Japan will hold interest rate meetings this week, while Micron, Nike and FedEx will hold financial reports meetings this week to kick off the Financial Report Week. Also, the US is set to release PCE price data, but there is also more data from Japan, Canada and others.
Meeting on interest rates of the central banks of Australia and Japan
The Federal Reserve’s interest rate meeting in December announced it would raise interest rates by 2 yards to 4.25%-4.5%, the highest level since 2007, and hinted that the interest rate terminal will be higher than initially expected and could exceed the 5% expectation.
The Bank of Japan (BOJ) interest rate meeting will be held on the 20th and will release a monetary policy statement. The market expects to hold the previous level this time, around 0.1%. In addition, Australia (RBA) and Central bank of India (RBI) will also hold meetings on the same day Interest rate meeting announces latest interest rate decision.
US stock earnings week kicks off with earnings announcements from Micron and Nike
Nike, FedEx and Micron will announce their financial reports back-to-back this week, kicking off US corporate earnings week. Corporate fundamentals will become the focus of the market. Operating results, future prospects and share price trends are important watch indicators.
The price index of major economies such as the United States and Japan
Inflation in the US has cooled down significantly. Consumer prices rose 7.1% in November, lower than market expectations and hit a new low since December last year. This week, the annual growth rate of the core PCE price index in November also be announced, and the market expects it to be 5% higher than the previous month, fell to 4.6%. In addition, Canada and Japan will release CPI data as well.