US, Iran Reopen Strait of Hormuz to Tankers as Markets Brace for PCE Inflation Data
Updated
Updated · TradingView · Jun 19
US, Iran Reopen Strait of Hormuz to Tankers as Markets Brace for PCE Inflation Data
3 articles · Updated · TradingView · Jun 19
Summary
Tankers are expected to resume crossing the Strait of Hormuz next week after the United States and Iran agreed to lift their blockade of the key oil chokepoint.
That reopening will dominate market attention alongside a heavy U.S. data calendar, including personal income and spending, the PCE price index, durable goods orders and S&P PMI surveys.
Europe will also publish PMIs and confidence gauges including Germany's Ifo and GfK, Britain's CBI survey and European Commission sentiment readings.
Asia's schedule includes PMIs from Japan, India and Australia, Australian inflation and employment data, China's industrial profits and the Bank of Japan's Summary of Opinions.