Daily Points

This report covers BoJ rate hikes, a rebound in Canadian housing sales, and persistent weakness in China's retail and property sectors. It also reviews global market movements amid ongoing disinflation trends.

Key Takeaways

• 1.The Bank of Japan raised its policy rate to 1% and announced a planned reduction in JGB purchases starting next April.
• 2.Canadian existing home sales rose by 5.5% month-over-month in May, marking the largest gain since October 2024.
• 3.China's economic indicators show continued weakness, with retail sales declining for the third consecutive month and property investment down 16.2% year-to-date.

Table of Contents

• On Deck for Tuesday, June 16th
• KEY POINTS
• KEEP TELLING YOURSELF IT'S NOT OBAMA'S DEAL
• BOJ HIKES, SIGNALS COMING END TO JGB PURCHASE REDUCTIONS
• IS THE CANADIAN HOUSING MARKET TURNING?
• RBA HOLDS, STRUGGLES TO CONVINCE MARKETS IT MAY NOT BE DONE
• CHINA'S ECONOMY SPUTTERED LAST MONTH
• LIGHT US DATA
• CHILE'S CENTRAL BANK TO HOLD

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