📆 Friday, June 30
► European stocks rose and US futures remain mixed in US pre-market trading at the final trading day of Q2, while demand for bonds stabilized after a decline (causing bond yields to rise) driven by strong US economic growth and jobs data that suggested the Federal Reserve might increase interest rates twice more this year.
► Market speculations about further rate hikes will be put to the test by various price measures due later today, including eurozone inflation and US data on personal income, spending, and the PCE deflator, the Fed's preferred inflation indicator.
► The US Treasury two-year yield rose by 3 basis points following a 16-point increase on Thursday, with swap markets now suggesting a 50% chance of a second Fed rate hike by year-end.
Subscribe to see more
