Still A Soft Landing, But Growth Is Slowing

Still A Soft Landing, But Growth Is Slowing: Start a free trial of The Sevens Report.

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What’s in Today’s Report:

• Hard Landing/Soft Landing Scoreboard:  Still A Soft Landing, But Growth Is Slowing

Futures are little changed as markets again digested the post CPI rally amidst more in-line inflation data and additional Chinese economic stimulus.

Core EU HICP (their CPI) met expectations, rising 0.7% m/m and 2.7% y/y, and kept a June rate cut on track.

In China, the government announced a sweeping program to support the property industry, potentially adding more critical stimulus to the Chinese economy.

Today focus will be on Leading Indicators (E: -0.3%) and two Fed speakers, Waller (10:15 a.m. ET) and Daly (12:15 p.m. ET), but barring any major surprises, they shouldn’t move markets and further digestion of the new highs is to be expected.

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