The S&P 500 jumped to the highest in 13 months on Monday as traders hoped the Federal Reserve will skip hiking rates when the central bank decides on policy Wednesday. The Dow gained 0.56%. The S&P 500 rose 0.93%. The Nasdaq popped 1.53%.
China's central bank governor says economy's second-quarter growth will be 'relatively high'
The Bank of Japan is likely to maintain its ultra-easy monetary policy when it meets later this week,Citing unnamed sources, Reuters reported that the BOJ may also "signal that inflation is overshooting its forecasts." This may lead to the central bank upgrading its inflation view in July when it does a quarterly review.
On a month-on-month basis, wholesale prices fell by 0.7%, sharply lower than the 0.2% expected by Reuters.Global central bank meetings will be under the spotlight this week, including the U.S. Federal Reserve, the Bank of Japan as well as the European Central Bank. South Korea's import and export prices for May will be out on Wednesday alongside its unemployment rate. China reports its foreign direct investment for the month of May. New Zealand is scheduled to release its first quarter current account print.
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