Markets Await Key Economic Data

US inflation and ECB policy announcement due this week A light week is ahead, with Monday having no major economic events scheduled. The Westpac consumer sentiment index for Australia saw a modest recovery in May, rising 3.5% after a steep drop in April. Th

US inflation and ECB policy announcement due this week

A light week is ahead, with Monday having no major economic events scheduled.

The Westpac consumer sentiment index for Australia saw a modest recovery in May, rising 3.5% after a steep drop in April.

The US will publish the ADP employment change report and existing home sales data on Tuesday, while the spotlight will be on US inflation on Wednesday.

The ECB monetary policy announcement and the US PPI m/m release are due on Thursday, with the UK releasing its GDP m/m data on Friday.

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