OANDA Senior Market Analyst Kelvin Wong joins Johnny Hart to discuss this week's key economic data and events. First, Asian stock markets are off to a bright start as more stimulus measures are enacted from China, this time announcing a $45.5 billion semiconductor investment fund (Big Fund III), its largest fund to date to boost the development of the domestic semiconductor industry amid the ongoing US-China technology war.
Second, headline inflation data from Tokyo, the US and the Eurozone will be released on Friday 31 May, with the consensus being that core inflation in the Eurozone will remain stable at 2.7% year-on-year in May, after slowing over the past eight months.
Finally, China's National Manufacturing Index (NBS) manufacturing and non-manufacturing PMIs for May will be closely monitored to see if April's recovery can be sustained.
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