Two interest rate moves are up for decision this week, US jobs data for May, Chinese trade data (also for May), and Australian economic growth for the first quarter. Additionally, the start-of-the-month surveys of global manufacturing are underway. China’s official survey showed a surprise dip in manufacturing and service sector activity on Friday. The Bank of Canada (Wednesday) and European Central Bank (Thursday) are expected to initiate their rate-cutting cycles this week, with both expected to trim their key policy rates by 0.25% following an easing in inflation – even if the EU rate rose to 2.6% in May from 2.4% ... (full story)