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- UK Q4 GDP data confirmed the country’s 1st recession in almost four years.
- EU inflation data remains hot (France & Italy in session); Euro Zone reading on Friday. - UK Q4 Final GDP revised higher but shock to income from in
6/1/2021 10:41:16 AM GMT Notes/Observations - Euro Zone inflation tests above ECB target for 1st time since Nov 2018. - Euro Area PMI Manufacturing data continues to be at or near record highs (Beats: Euro Zone, Germany, France, Italy, Spain; Misses: UK). Asia: - RBA kept its policy steady (as expected) with Cash Rate Target unchanged at 0.10% and 3-year Yield Control maintained at 0.10%. The reiterated stance was committed to maintaining highly supportive monetary conditions to support a return to full employment and inflation consistent with the target. The reiterated stance that conditions...
- 05:20 (EU) Daily ECB Liquidity Stats. - 05:30 (DE) Germany to sell combined €6.0B in 3-month and 9-month Bubills. - Sells €B vs. €3.0B indicated in 3-month BuBills; Avg Yield: % v -0.6372% prior; Bid-to-cover: x v 2.07x prior (Apr 6th 2021). - Sells €B vs. €3.0B indicated in 9-month BuBills; Avg Yield: % v -0.6472% prior; Bid-to-cover: x v 1.55x prior (Apr 6th 2021). - 05:30 (NL) Netherlands Debt Agency (DSTA) to sell €2.0-4.0B in 3-month and 6-month bills. - 05:30 (ZA) South Africa announces details of upcoming I/L bond sale (held on Fridays). Bonds - 06:00 (IL) Israel to sell ...