This week is set to be a crucial one for global markets, with a slew of economic data releases, central bank decisions, corporate actions, and geopolitical developments. Here’s a complete roundup of the cues to track from India and across the globe, along with key corporate actions and other major events that could influence market sentiment.
India: Key Domestic Cues
June 16: Wholesale Price Index (WPI) data will be released, providing insights into inflation trends.
June 19: Weekly Nifty expiry — a key day for derivatives traders.
June 20: India’s forex reserves data will be released, important for currency and bond markets.
Global Cues to Watch
United States:
June 16: Empire Manufacturing Index, reflecting factory activity in New York State.
June 17: Important macro indicators including retail sales, business inventories, and industrial production data will be released.
June 18: Federal Reserve’s FOMC rate decision and initial jobless claims — both critical for gauging the Fed’s stance on interest rates.
June 19: Juneteenth federal holiday — equity and Treasury markets in the U.S. will remain closed.
June 20: Conference Board Leading Index — a composite indicator of future economic activity.
United Kingdom:
June 18: Consumer Price Index (CPI) inflation data.
June 19: Bank of England rate decision — watched closely for any policy shift.
June 20: Retail sales figures.
Eurozone:
June 18: CPI inflation data for the region.
June 20: Consumer confidence data to gauge economic sentiment.
China:
June 16: Retail sales and industrial production data — key indicators for the world's second-largest economy.
Japan:
June 17: Central Bank rate decision.
June 18: Trade data release.
June 20: Consumer Price Index (CPI) inflation report.
Corporate Actions
June 16:
Bajaj Finance will trade ex-bonus (4:1 ratio) and ex-stock split (2:1 ratio).
Zee Entertainment’s board will meet to consider fundraising proposals.
Last day to buy shares of Hindustan Zinc to be eligible for dividend.
June 18:
Last day to buy shares of Tata Communications and Tejas Networks to be eligible for dividend.
June 19:
Last day to buy shares of Bajaj Auto, Bank of India, HDFC Life, Punjab National Bank, Tata Power, and Torrent Power to qualify for dividends.
Other Key Events
June 16:
The International Paris Air Show will be closely followed, especially any order announcements from major players like Airbus and Boeing.
June 17:
U.S. Senators are expected to resume floor debate on the significant $3 trillion House tax bill.
The United Nations General Assembly (UNGA) will hold a summit on the Palestinian state.
June 18:
ECB members including Francois Villeroy de Galhau and chief economist Philip Lane will be delivering speeches — important for gauging the ECB’s tone on inflation and interest rates.
June 19:
The 75-day deadline for TikTok’s divest-or-ban order in the U.S. is set to expire, though an extension is possible. This development will be keenly watched by tech investors.
With crucial central bank rate decisions, inflation numbers, corporate actions, and geopolitical developments on the horizon, market volatility is expected to remain high this week. Traders, investors, and policymakers will be closely watching these indicators to navigate the short-term outlook.
Disclaimer: The content provided is for informational purposes only and should not be construed as investment advice. Please consult your financial advisor before making investment decisions.
