New York Session Heads Up June 01 2022

New York Session Heads Up June 01 2022

• Biden Vows To Give Fed Chair Powell ‘Space’ To Fight Inflation
• Janet Yellen Admits She Was ‘Wrong’ About The Inflation Path
• Fed Starts Experiment Of Letting $8.9 Trillion Portfolio Shrink
• Fed’s Bostic: Sep Pause Not Tied To Any Looming Market Rescue
• Eurozone Manufacturing PMI Revised Slightly Higher For May
• ECB’s Holzmann: Half-Point Hike Needed After Inflation Record
• Deutsche Bank Sees A 50 Basis Point ECB Rate Hike By September
• German Retail Sales Fell By Much More Than Expected In April
• UK Manufacturing Growth Hits A Sixteen-Month Low In May
• UK Deputy PM: No Boris Johnson Leadership Vote Next Week
• Russian Forces Push Closer To The Centre Of Key Ukrainian City
• Fed’s Bostic Says Didn’t Suggest ‘Fed Put’ With Previous Comments
• Asia’s Factory Activity Slows In May As China Covid Curbs Weigh
• China Factory Activity Falls At Slower Pace As Covid Curbs Ease
• Australia’s Solid Economic Momentum Suggests Faster Rate Hikes
• BoJ Deputy Governor Wakatabe Shows Continued Easing Bias
• Japan Mfg Conditions Improve At Softest Pace For Three Months
• Japan’s Businesses Kept Spending Despite Omicron Contraction
• Korea’s Exports Accelerate, Suggesting Resilient Global Demand
• Slump In Yuan’s Forward Points Signals Bets For China Easing
• Bank Of England To Take Rescue Role If Stablecoin Collapses
• Treasuries Slide As Inflation Concerns Keep Rate-Hike Bets Alive
• OPEC Weighs Suspending Russia From Oil-Production Deal
• Global Equities Kick-Start New Month With Indecisive Mood
• FAA To Keep Tight Watch On Boeing Employees Who Represent Regulators
• HP Sales, Earnings Beat Estimates Despite ‘Volatile Macro Environment’
• Salesforce Beats Quarterly Rev Ests On Strong Demand For Software

Economic Data

• Eurozone Unemployment Rate Apr: 6.8%: (est 6.8%; prev 6.8%)
• Eurozone S&P Global Manufacturing PMI May F: 54.6 (est 54.4; prev 54.4)
• German Retail Sales (M/M) Apr: -5.4% (est -0.5%; prev -0.1%; prev 0.9%)
• German Retail Sales (Y/Y) Apr: -0.4% (est 4.4%; prev -5.4%; prev -4.4%)
• German S&P Global/BME Manufacturing PMI May F: 54.8 (est 54.7; prev 54.7)
• French S&P Global Manufacturing PMI May F: 54.6 (est 54.5; prev 54.5)
• Spanish S&P Global Manufacturing PMI May: 53.8 (est 52.0; prev 53.3)
• Italian S&P Global Manufacturing PMI May: 51.9 (est 53.6; prev 54.5)
• Italian Unemployment Rate Apr: 8.4% (est 8.3%; prev 8.3%; prevR 8.4%)
• UK S&P Global/CIPS Manufacturing PMI May F: 54.6 (est 54.6; prev 54.6)
• UK Nationwide House Price Index (M/M) May: 0.9% (est 0.6%; prev 0.3%)
• UK Nationwide House Price Index (Y/Y) May: 11.2% (est 10.5%; prev 12.1%)
• Australia GDP SA (Q/Q) Q1: 0.8% (est 0.7%, prev 3.4%)
• Caixin China PMI Mfg May: 48.1 (est 49, prev 46)
• Jibun Bank Japan PMI Mfg MayF: 53.3 (prev 53.2)
• S&P Global Australia PMI Mfg MayF: 55.7 (prev 55.3)

Crypto

• Tech Experts ‘Counter-Lobby’ Washington Criticizing Crypto, Blockchain – CoinDesk
• Bitcoin Seen at Risk of Resuming Slide If $29,000 Support Fails – BBG
• ETH/USD Trading Pair Attracts More Traders In The First Quarter Of 2022 – CoinTelegraph
• Bank Of England To Take Rescue Role If Stablecoin Collapses – Times