Weekly Market Outlook (20-24 May) ...Middle East

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UPCOMING EVENTS:Monday: PBoC LPR, Fed’s Waller.Tuesday: RBA Meeting Minutes, Canada CPI.Wednesday: RBNZ Policy Decision, UK CPI, FOMC Minutes.Thursday: New Zealand Q1 Retail Sales, Australia/Japan/Eurozone/UK/US Flash PMIs, Eurozone Negotiated Q1 Wage Growth, US Jobless Claims.Friday: Japan CPI, UK Retail Sales, Canada Retail Sales, US Durable Goods Orders. MondayThe PBoC is expected to leave the 1-year and 5-year LPR rates unchanged at 3.45% and 3.95% respectively. Last week, the central bank maintained the MLF rate unchanged at 2.50%, which is generally a reliable precursor for a change in the LPR rates. We got some mixed economic data recently but overall it

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