The Week Ahead – Fed and BoJ meet, European election
NEWS
07/06/2024
Fed and BoJ meet, European election results awaited
The week kicks off with bond and FX markets digesting the results from the European elections. A wave of support for right-wing parties could upend the establishment and create volatility and a widening in sovereign bond spreads that could be negative towards European risk assets and the euro. Then it’s on to two major central bank meetings – the Federal Reserve and the Bank of Japan.
The Fed is seen staying on hold but recent economic data has raised expectations that a cut could come by September. The BoJ is considering reducing bond purchases but could surprise markets with a second rate hike this year.
Check the video below to find out more form Neil Wilson, Finalto’s Chief Market Analyst.
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