This Week's Key Events and Data Preview: US PCE, BOJ Rate Decision
BlockBeats News, January 19th, the preview of this week's key events and data is as follows:
1. Monday: Trump leads a delegation to attend the World Economic Forum Annual Meeting; US stock market closed for Martin Luther King Jr. Day holiday;
3. Wednesday: Trump speaks at the World Economic Forum Annual Meeting on "How Can We Foster Collaboration in a More Competitive World?"; US Supreme Court hears arguments on Trump's attempt to remove Fed Governor Powell.
4. Thursday: US Initial Jobless Claims, November PCE Report, Q3 Real GDP Final Value, US EIA Natural Gas Inventories, Eurozone January Consumer Confidence Index; ECB releases minutes of December meeting.
5. Friday: Japan December Core CPI YoY; US January University of Michigan Consumer Confidence Index and Final Value of One-Year Inflation Expectations; Bank of Japan announces interest rate decision and Economic Outlook Report, Governor Haruhiko Kuroda holds a press conference. (FXStreet)
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Overseas capital is aggressively buying US stocks! Net inflows reached $942 billions over the past 12 months, marking a record since 1985.
According to data from the US Department of the Treasury, in the 12 months ending July this year, overseas investors made net purchases of US stocks totaling $942 billion, marking the highest rolling 12-month total since records began in 1985. The net purchases in the second quarter alone reached $426 billion, setting a new single-quarter record. Meanwhile, overseas demand for US Treasuries has noticeably cooled, with purchase volumes falling significantly. As a result, the US is facing higher costs in government debt financing.
