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Euro region returns to growth in Q2

Euro region returns to growth in Q2
fxstreet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fxstreet.com Daily Mail and Mail on Sunday newspapers.

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Euro area CPI above ECB target for 1st time since Nov 2018

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, in order to raise rates, were not expected before 2024 at the earliest. ....

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Various EU inflation data above ECB target level

5/31/2021 10:18:36 AM GMT
Notes/Observations
- CPI reading from Spain and Germany saw the YoY above ECB target level.
- Various German States saw their May inflation data registered its biggest increase since fall 2018 mainly due to the base effect from higher energy prices.
- China PBoC takes action to curb recent CNY currency strength.
- US and UK markets closed for holidays.
Asia:
- China May Manufacturing PMI (Govt Official) registered its 14th month of expansion (51.0 v 51.1e).
- China PBOC sets the Yuan reference rate at 6.3682 for its strongest fixing since mid-May 2018).
- Former China PBOC official Sheng Songcheng said fast yuan appreciation probably will not last, suggests the Yuan is overbought ; says the rise in CNY suggests short-term speculation. ....

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Ungava Gin celebrates its 10th anniversary with a new look

theme Gin Ungava en fête
COWANSVILLE, QC, May 25, 2021 /CNW Telbec/ - Ungava Spirits Co. is proud to celebrate the 10th anniversary of its iconic gin with a brand new bottle showcasing its Québec roots. Under the theme Gin Ungava en fête , Ungava Gin s new look marks the beginning of a string of announcements to be made in the coming weeks. Stay tuned!
Ungava gin’s new bottle (CNW Group/Les Spiritueux Ungava)
In 2011, Ungava Gin was the first local brand to become available at the SAQ. Its distinctive taste has earned it several prestigious awards over the years, including the World Spirits Award Gold Medal in 2020, 2018 and 2016. While the gin features a new look showcasing a map of the Ungava region where the herbs are sourced, it still uses the original recipe that made it successful. ....

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NZD rises after jobs data

5/5/2021 5:40:06 AM GMT
Asia Market Update: Asian trading continues to be impacted by holidays; JP and CN return from extended holidays on Thurs; NZD rises after jobs data.
General trend
- Energy stocks move higher after overnight rise in oil prices.
- S&P ASX 200 has gained after the flat open [Financial, Resources and Energy indices rise; ANZ declined after reporting earnings].
- Hang Seng is lower after earlier paring decline [Energy cos. move higher; TECH index drops over 2%; SJM drops after earnings, L’Occitane rises ].
- Nasdaq FUTs erased gain.
- Markets in Japan, Shanghai and South Korea to return from holiday on Thurs (May 6th). ....

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