The week ahead - what did the GDP report tell us‪?‬ On Point

Inflation will be in the spotlight this week, with the PCE report for May due in the US as well as flash CPIs in several European economies and the Tokyo CPI in Japan. The Bank of Japan's summary of opinions from the June meeting is out, while the European Central Bank will release its latest consumer expectations survey and there is also a monetary policy decision from Sweden's Riksbank. There's plenty to watch on the political front, including the first presidential debate of 2024 between Joe Biden and Donald Trump on Thursday evening in the US. There will also be a European Leaders summit on Thursday and Friday, while France will go to the polls on Sunday June 30 for the first round of voting, before runoffs a week later. In New Zealand, it will be a holiday-shortened week with the ANZ Business Outlook survey for June likely to be a highlight on Thursday. On the corporate front, there are several annual meetings that local investors will be watching for updates on current conditions, while Fedex and Nike are reporting in the US.