UOB Global Economics and Markets Research has released its weekly outlook for 2–6 June 2025, detailing significant economic events across the globe. The report covers key developments in Singapore, Asia-Pacific, and major developed economies, providing insights into upcoming central bank decisions and data releases.
In Singapore, the 22nd IISS Shangri-La Dialogue, Asia’s premier defence summit, will take place from 30 May to 1 June. Notably, China will not be represented by its defence minister for the first time since 2019. Key economic data releases include the May Purchasing Manager’s Index (PMI) and April retail sales figures.
Across the Asia-Pacific, various holidays will be observed, including Eid Al-Adha and the Dragon Boat Festival. The Reserve Bank of India is expected to announce a 25-basis point cut in its repo rate on 6 June, according to UOB economist Jester Koh. Key data releases include Australia’s Q1 GDP and China’s Caixin PMIs.
In developed economies, the European Central Bank and the Bank of Canada are anticipated to cut interest rates by 25 basis points. The US will see a busy week with the release of the Beige Book report and several Federal Reserve officials speaking. Key US data includes the May ISM surveys and the Labour Market Report.
“`
