After the rate hikes announced by the Fed and the BoE, the Bank of Japan maintained its monetary policy as it was. The market will also watch industrial production in the United States.
The Bank of Japan takes over at the end of the week | Photo credits: World Economic Forum/swiss-image.ch/Photo Remy Steinegger
Contrary to the US Federal Reserve, the Bank of England or the Swiss National Bank earlier in the week, the Bank of Japan has, as expected, kept its monetary policy unchanged and promised to keep it at its levels current or lower despite the fall of the yen, the BoJ kept the target for short-term rates at -0.1% and that of the yield on 10-year government bonds around zero. She also indicated that she would monitor ” carefully » the economic impact of fluctuations in its currency on the foreign exchange market.
Industrial production could slow across the Atlantic
In the afternoon, investors will scrutinize the evolution of the American industrial production in May. The Bloomberg consensus expects a slight slowdown to 0.4% over one month, against 1.1% in April. Nevertheless, ” industrial production has been recovering for two yearsexplain analysts at Oddo BHF. There’s no breaking in sight term “.
Within the euro zone, the final figures for theinflation in May are expected at 11 a.m. There is not ” a lot of hope for a short-term downturn », Estimate the same analysts. The rise in the consumer price index should be confirmed at 8.1% over one year, after 7.4% in April. On a monthly basis, the index should grow, like the previous month, by 0.8%.
In terms of companies, the French boat manufacturer Beneteau hold its general meeting. The group will have to reassure its shareholders after having posted billings in the first quarter in clear progression, but below expectations. In the morning, Cegedim and Delta Plus Group will also hold their annual shareholder meetings.
RG