Weekly Market Outlook (17-21 June) ...Middle East

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UPCOMING EVENTS:Monday: PBoC MLF, New Zealand Services PMI, China Industrial Production and Retail Sales, Eurozone Wage Growth.Tuesday: RBA Policy Decision, Eurozone ZEW, US Retail Sales, US Industrial Production.Wednesday: UK CPI, US NAHB Housing Market Index, BoC Meeting Minutes.Thursday: New Zealand GDP, PBoC LPR, SNB Policy Decision, BoE Policy Decision, US Housing Starts and Building Permits, US Jobless Claims.Friday: Australia/Japan/Eurozone/UK/US Flash PMIs, Japan CPI, UK Retail Sales, Canada Retail Sales. MondayThe PBoC is expected to keep the MLF rate unchanged at 2.50%. There doesn’t seem to be any urgency to ease policy further amid an impro

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