- Market Awaits Inflation Data: Financial markets remained cautious as investors awaited the release of the key US inflation data, the Personal Consumption Expenditures (PCE) price index, scheduled for later on May 31st. The data could influence the Federal Reserve's future monetary policy decisions. [Reuters: Investors brace for inflation data, US stocks trade flat]
- Muted Trading: Major US stock indices traded with minimal movement on May 30th, with investors adopting a wait-and-see approach before the inflation data release. [CNBC: Stock market news for May 30, 2024]
- Oil Prices Dip: Oil prices fell slightly on May 30th, snapping a three-day winning streak, amid concerns about rising US shale oil production. [Mint: Share Market Today Live Updates May 30, 2024]
- IMF Raises China's Growth Forecast: The International Monetary Fund (IMF) revised China's economic growth forecast for 2024 upwards to 5% from a previous estimate of 4.6%, citing strong data and stimulus measures. Market Update – 30th May 2024]
- You can find more details about the IMF's revised growth forecast for China by searching online for "IMF China Growth Forecast May 2024."
- In-depth analysis of the US inflation data and its potential impact on markets might be available on financial news websites later today or tomorrow after its release.
- News Written by Dr Edward N Maltass of THE EViROCKS.
