Developments to Follow in Markets on Tuesday, June 16

Developments to Follow in Markets on Tuesday, June 16

What are the important developments to follow on the markets on Tuesday, June 16, 2020, on the second trading day of the week? Today, the Central Bank meeting of Japan will take place, and the board is expected not to change the record low-interest rate. However, in the opinion of analysts, the bank, which received great financial support during the outbreak, may continue to support this month. The dollar has risen against the Japanese Yen as the number of cases rose last week, reducing its risk appetite. Yen, which experienced a slight decrease this week due to the low demand of buyers, is trading at 108.0 level and finds its buyer. The Yen is not expected to change drastically until tomorrow. In England, the number of jobs and the unemployment rate will be announced tomorrow. The unemployment rate in the country's economy dropped by 20 percent in April, and this drop is expected to reach 5 percent. In Germany, the ZEW index, which measures the expectations of the three sectors for the latest economic prospects, is expected to recover in June after the sharp declines in March and April. However, trade losses caused by sharp declines in Germany and the euro area, especially the fall in manufacturing and orders, also caused a contraction in the sector and reduced time-consuming process optimism. The United States will announce retail and manufacturing production tomorrow. Sales fell a record 16.4 percent in April, and this rate is expected to increase 8 percent in May. Industrial production in the USA rose to a record level in April and is projected to increase by 2.9 percent in April and 4.6 percent in April, falling by 11.2 percent every month.