Market focus

On Wednesday, June 12, 2019, the day will be saturated with inflation data. At the beginning of the day, there are data on retail sales in New Zealand, consumer sentiment in Australia and an inflation data in China. Particular attention should be given to data on the consumer price index (CPI) in China, on which the dynamics of stock indices and market sentiment will depend largely .

The European trading session should focus on the speech of the ECB President M. Draghi. In the American session an inflation data in the United States will be published, which will be the main event of the day. Expectations for the CPI in the United States remain restrained positive, which may provide restrained support to the American dollar in calm trading conditions.

Hanzenko Anton