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End of US debt limit drama and expectations of Fed pause drive risk appetite

- Concerns over the US debt limit deal were in the rear-view mirror as the chapter concludes with the deal passing the Senate vote, only the signature ....

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Focus on the much anticipated US CPI data

6/10/2021 9:29:30 AM GMT
Notes/Observations
- Focus on US may CPI data with YoY expected to accelerate to 4.7%; Fed had been unified that inflation pressures were transitory.
- ECB expected to maintain its pandemic bond-buying program pace.
- ECB Staff Projections long-term inflation forecasts may well remain below the current ECB inflation objective.
- Various Nordic May inflation data eased from month-ago levels (Norway and Sweden both missed YoY consensus).
Asia:
- China PBOC Gov Yi Gang stated that he saw 2021 CPI under 2.0% (Note: compares to 3.0% official target) and expected China GDP expansion to be close to the potential growth rate. ....

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