Upcoming US CPI in focus for clues on global inflationary trends
EU Mid-Market Update: Upcoming US CPI in focus for clues on global inflationary trends; EU said to be unlikely to impose a price cap on any imported g
Source: fxstreet.com
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US inflation impaired APAC trade with Europe indicated lower once more - Newsquawk Euro Market Open
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
Source: zerohedge.com
ECB members stress that any policy change to be gradual
- UK Monthly GDP registered its best growth in 7 months, surges past pre-pandemic size; outlook has since deteriorated due to the Russia-Ukraine confl
Source: fxstreet.com
Opening of UK economy aiding monthly GDP data
- UK Monthly GDP surging with focus on planned reopening of the economy. - German Bundesbank raises its 2021 and 2022 GDP and inflation forecasts high
Source: fxstreet.com
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 ...
Source: fxstreet.com