Mexico Private Spending (YoY): 3.6% (1Q) vs previous 5.1%

Mexico Private Spending (QoQ) up to 1.5% in 1Q from previous 0.9%

Federal Reserve (Fed) left the policy rate unchanged at 5.25%-5.5% following the June policy meeting, as expected.

The headline German ZEW Economic Sentiment Index edges a tad higher from 47.1 in May to 47.5 in June.

Austria HICP (YoY) meets forecasts (3.3%) in May

Austria HICP (MoM) below expectations (0.2%) in May: Actual (0.1%)

Reserve Bank of Australia (RBA) Governor Michele Bullock is speaking at a press conference following the announcement of the June monetary policy decision on Tuesday.

Australia RBA Interest Rate Decision meets forecasts (4.35%)

Japanese Finance Minister Shunichi Suzuki said on Tuesday that interest rates are set by markets, reflecting JGB demand and various aspects.

The Bank of Japan (BoJ) Governor Kazuo Ueda said on Tuesday that there is a chance that the Japanese central bank could raise interest rates at the July meeting, depending on economic, price and financial data and information available at the time.

The Reserve Bank of Australia (RBA) is unlikely to give into the pressure of a dovish policy pivot, as adopted by the Bank of Canada (BoC) and the European Central Bank (ECB) when it concludes its policy meeting on Tuesday.

Mexico’s President-Elect Claudia Sheinbaum revealed that polls commissioned by the ruling party, Morena, supported the popular election of Supreme Court judges.

Global financial markets cheered last week's weaker-than-expected US CPI data for May, with both the headline (+0.0%) and core (+0.2%) measures coming in a tick below consensus expectations, National Bank of Canada (NBC) strategists Stéfane Marion and Jocelyn Paquet note.

Canada Canadian Portfolio Investment in Foreign Securities declined to $0.02B in April from previous $35.61B

Canada Foreign Portfolio Investment in Canadian Securities above expectations ($12.3B) in April: Actual ($41.16B)

United States NY Empire State Manufacturing Index registered at -6 above expectations (-9) in June

Canada Housing Starts s.a (YoY) registered at 264.5K above expectations (247K) in May

Federal Reserve (Fed) left the policy rate unchanged at 5.25%-5.5% following the June policy meeting, as expected.

European Central Bank (ECB) Chief Economist Phillip Lane noted on Monday that they are seeing significant wage increases in some Eurozone countries, per Reuters.

Italy Consumer Price Index (EU Norm) (MoM) in line with forecasts (0.2%) in May

Italy Consumer Price Index (EU Norm) (YoY) in line with expectations (0.8%) in May

Italy Consumer Price Index (MoM) meets forecasts (0.2%) in May

Italy Consumer Price Index (YoY) meets forecasts (0.8%) in May

In its March economic forecasts, Switzerland’s State Secretariat for Economic Affairs (SECO) said that the “Swiss government sees the economic growth in 2024 to come in well below average.” Additional takeaways Swiss government sees 2024 GDP (sport event adj) growth at +1.2% (previous forecast was +1.1%).

Following the publication of the high-impact China’s activity data for May, the National Bureau of Statistics (NBS) expressed its outlook on the economy during its press conference on Monday.

China’s May Retail Sales, rose 3.7% YoY vs. 3.0% expected and April’s 2.3% while the country’s Industrial Production increased 5.6% YoY in the same period vs.

China Fixed Asset Investment (YTD) (YoY) came in at 4% below forecasts (4.2%) in May

China Retail Sales (YoY) registered at 3.7% above expectations (3%) in May

China Industrial Production (YoY) below forecasts (6%) in May: Actual (5.6%)

Australia ANZ Job Advertisements: -2.1% (May) vs previous 2.8%