<img src="https://images.aposto.com/2022/6/0/1659285042660.png" style="display: block; vertical-align: top; margin: 5px auto; text-align: center; width: 100%; max-width: 550px; border-style: none; position: relative; cursor: pointer; padding: 0px 1px; box-sizing: border-box;" ratio="1.98" width="550" alt="Markets Recap" fr-original-style="display: block; vertical-align: top; margin: 5px auto; text-align: center; width: 100%; max-width: 550px;" fr-original-class="fr-draggable">Year-to-date price changes. Prices at markets close.• Central bank action continues this week, with both the RBA and the BOE expected to hike rates by 50bps following a 75bps rate hike by the FOMC last week. However, the attention could shift to the labor market and if the US would go into a "real recession" as the world's largest economy entered a "technical recession".<ul fr-original-style="padding-inline-start: 20px;" style="padding-inline-start: 20px; margin-top: 0px; margin-bottom: 1em; list-style-position: inside; box-sizing: border-box;"><li fr-original-style="" style="box-sizing: border-box;">Monday Tory members to start voting on the next UK PM; Global manufacturing PMIs: Eurozone, Germany, France, US ISM, UK, China Caixin; Eurozone, Italy unemployment.</li><li fr-original-style="" style="box-sizing: border-box;">Tuesday US Secretary of State Blinken to attend the ASEAN foreign ministers meeting in Cambodia, and visit the Philippines; Spain unemployment; UK house prices RBA rate decision.</li><li fr-original-style="" style="box-sizing: border-box;">Wednesday Eurozone PPI, retail sales; Germany trade balance; Global services PMIs: Eurozone, Germany, UK, US ISM, Russia, China Caixin; Turkey, Switzerland CPI; OPEC+ meeting on output, EIA crude oil inventory report.</li><li fr-original-style="" style="box-sizing: border-box;">Thursday Liz Truss and Rishi Sunak to debate for UK Tory leadership; Eurozone ECB publishes its economic bulletin; US initial jobless claims; UK BOE, Hungary rate decision.</li><li fr-original-style="" style="box-sizing: border-box;">Friday Russian President Putin to meet with Turkish President Erdogan in Sochi, Russia; Germany, France, Italy, Spain industrial production; US unemployment.</li></ul>

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