Welcome to the Weekly Outlook, where we discuss the critical news and events that you should be aware of for the week ahead.

Investors will closely watch key economic indicators and events this week. In the US, focus is on the flash manufacturing PMI and FedEx earnings. China’s PBOC decision on the Loan Prime Rate and Australia’s RBA meeting minutes will also be important. New Zealand’s Trade Balance for May will be scrutinised, while the UK’s BOE Rate Decision is in the spotlight. These developments can have a significant impact on financial markets, influencing investor sentiment and trading decisions.

So whether you’re a seasoned investor or just starting out, be sure to tune in for the Weekly Outlook!

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Chapters:

0:00 Intro
0:19 United States
0:44 FedEx Earnings
1:11 China
2:20 New Zealand
2:57 United Kingdom

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Weekly Outlook: FedEx Earnings, US Flash PMI, UK BOE Decision

As we enter another week in the world of economics and finance, several key events and data releases are set to shape the direction of the markets. Investors will be closely watching the quarterly earnings of global shipping giant FedEx, the release of US flash PMI data, and the highly anticipated decision by the Bank of England (BOE) regarding interest rates and monetary policy. Let’s take a closer look at each of these events and their potential impact.

Firstly, all eyes are on FedEx, which is scheduled to report its fourth-quarter earnings on Tuesday. As one of the largest package delivery companies globally, FedEx’s results are often seen as a bellwether for economic activity and consumer sentiment. Analysts will be gauging the company’s performance to assess the state of global trade and the broader economic recovery. Any surprises or downbeat outlook could have significant implications for market sentiment, particularly in the transportation and logistics sector.

On Wednesday, the spotlight shifts to the United States with the release of the flash Purchasing Managers’ Index (PMI) data for June. The PMI is a crucial indicator of economic health, measuring the manufacturing and services sectors’ activity. It provides valuable insights into the growth rate, employment, and inflationary pressures within the US economy. Last month, the flash PMI recorded a robust reading, signaling a strong rebound from the pandemic-induced slowdown. Investors will be eager to see if this momentum continues or if there are any signs of a potential slowdown, which could impact market sentiment and the Federal Reserve’s policy decisions.

Simultaneously, the Bank of England will announce its latest decision on interest rates and monetary policy on Thursday. While no major changes are expected, the central bank’s assessment of the UK economy and inflationary pressures will be crucial for investors. The ongoing recovery from the COVID-19 pandemic and potential tapering of monetary stimulus will be key factors considered by the BOE. Any hints of tightening policy or a more hawkish stance could have a ripple effect across global markets, especially when other central banks are also beginning to ponder adjusting their accommodative policies.

Moreover, market participants will closely follow any statements or forward guidance provided by the BOE regarding inflation expectations and potential future rate hikes. In recent months, inflation concerns have intensified globally, and central banks’ response will play a crucial role in market sentiment, particularly in bond markets and currencies.

Overall, this week’s events and data releases are poised to offer valuable insights into several key aspects of the global economy. Investors will be keenly observing the FedEx earnings report for clues about global trade dynamics and consumer sentiment. The US flash PMI data will provide a snapshot of economic activity, and the BOE decision will shed light on UK monetary policy direction. As always, it’s essential to stay abreast of these developments and adjust investment strategies accordingly to navigate the dynamic market conditions.