The upcoming week on Dalal Street is poised to be driven by several crucial domestic and global cues, keeping investors on edge and markets highly sensitive to data releases and policy signals. The combination of key economic data from India, policy commentary from the US Federal Reserve, and crucial releases from other major economies will shape the market sentiment throughout the week.
On the domestic front, India will start the week with the release of important macroeconomic indicators. On June 23, investors will closely watch the S&P Global manufacturing PMI and S&P Global services PMI, which will provide fresh insights into the strength of the manufacturing and service sectors for the month. These numbers will be crucial to gauge the momentum of economic recovery and business activity. Later in the week, on June 28, the industrial production data and manufacturing output numbers will be released, which are expected to shed light on the health of India’s industrial sector.
Globally, market participants will keep a close watch on cues from the United States, which continue to play a significant role in driving global market trends. On June 23, multiple US Federal Reserve officials will be speaking, including Fed member Waller, FOMC member Kugler, and FOMC member Williams. Their commentary will be scrutinized for any indications on the future path of interest rates. The following day, on June 24, the US House price index will be released, providing further data on the condition of the US housing market. Then on June 25, Fed Chair Jerome Powell’s speech will be a key event, with investors looking for any shifts in the Fed's monetary policy stance.
Further US data will also be in focus. On June 26, the GDP quarter-on-quarter Q1 data along with initial jobless claims will be announced, giving a clearer picture of the US economy's growth momentum and labor market conditions. On June 27, the Core PCE Price Index, which is the Fed's preferred inflation gauge, will be released alongside another speech by FOMC member Williams. These events could significantly influence expectations regarding the timing and scale of potential Fed rate adjustments.
In the UK, important updates are also lined up. On June 26, Bank of England's Breeden will deliver a speech, which may offer hints on the BoE's monetary policy outlook. Then on June 27, the UK GDP data will be released, providing crucial information about the country’s economic performance.
In Japan, key inflation and employment data will be closely tracked. On June 24, the Bank of Japan’s core Consumer Price Index (CPI) will be published, offering insights into inflationary pressures in Japan. On June 26, Tokyo CPI and the country's unemployment rate will be announced, which will help investors assess the broader economic situation in Japan.
Adding to the market dynamics, corporate actions will also play a role this week. On June 26, Nestle India will hold its Board meeting to decide on a bonus issue, which will be of interest to its shareholders and could trigger stock-specific movements.
With such a busy economic calendar, market participants are advised to stay vigilant as Dalal Street heads into a potentially volatile week. The combination of domestic data, US Fed commentary, and global macroeconomic releases may lead to sharp market moves depending on the outcomes.
Disclaimer
The information provided in this article is for informational purposes only and should not be construed as investment advice or a recommendation to buy or sell any financial instruments. Market movements depend on a variety of factors, and investors should conduct their own research or consult with a financial advisor before making any investment decisions. The author and the platform do not assume any responsibility for financial losses or gains arising from the information provided.
