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UK Q2 GDP rebounds as restrictions eased

- UK Q2 GDP rebounds as virus restrictions were lifted; Q3 outlook may not be as rosy. - IEA cut its 2021 oil demand forecast citing resurgent pandemi

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Euro region returns to growth in Q2

Euro region returns to growth in Q2
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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

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EU raises its GDP outlook for both 2021 and 2022

EU raises its GDP outlook for both 2021 and 2022
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Upcoming US CPI data expected to show growing price pressures

- - Leoni [LEO.DE] +10% (shareholder raises stake). - Speakers - ECB s Villeroy (France) stated that he saw a return of growth to pre-pandemic level by mid-2022 for region. Reiterated view that France to register slight growth in Q1. - Norway Central Bank (Norges) Gov Olsen stated that the impact of long-term unemployment was a concern. Reiterated stance that sees housing prices slowing in 2021. - - - G7 and EU Foreign Ministers issue statement: Express deep concern over Russian troop buildup around Ukraine border. Called on Russia to halt provocations and ease tensions. - German ZEW Economists commented that stricter lockdown measures have led to a decline in expectations for private consumption.

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