Australia's May Inflation Data Ahead
Investing.com - The financial scene in the Asia-Pacific region braces itself for an unpredictable start, with key economic indicators from Australia on the horizon. The ASX 200 Futures indicate a higher opening than its previous close, as economic analysts eagerly await Australia's inflation data for May.
Predictions suggest that there might be a slight dip in the country's inflation rate to around 6.1%, compared to April’s reported figure of 6.8%. It is also expected that these statistics will lay out some groundwork leading up to RBA’s meeting scheduled next month.
Wall Street Energized by Robust US Economic Indicators
Recent robust economic data coming from the United States has put any recession fears aside and ignited investment activities on Wall Street. A report released by The Conference Board revealed an impressive rise in consumer confidence levels which surpassed analyst expectations.
Furthermore, short-term prospects concerning income, commerce, and labor market conditions have also seen improvements reflected by an increase in Expectations Index numbers. These positive signs have resulted in notable rises across major indexes such as S&P 500 and NASDAQ Composite.
Post-Pandemic Activity Surge Pushes Boosts South Korean Consumer Sentiment
June saw consumer sentiment soar to record-breaking heights within thirteen months thanks largely due to post-pandemic recovery acceleration coupled with controlled inflation rates according to recent reports from the Bank Of Korea (BOK).
This optimistic trend has been observed over four consecutive months indicating more individuals harbor positive outlooks about their economy than negative ones.
Factors contributing towards this boost include hopes surrounding potential slowdown alleviation along with post-pandemic private spending rebounding mildly amidst eased inflationary pressures.