In focus today Today brings the first euro area wage growth data for 2026, with the ECB’s negotiated wages indicator for Q1. We expect wage growth to remain at 2.9% y/y, broadly unchanged from Q4, in line with signals from the ECB’s wage tracker. In Germany, the Ifo indicator for May will be released. It […]
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UK retail sales contracted sharply in April, reinforcing signs that household demand is weakening as higher living costs and economic uncertainty continue weighing on consumers. Retail sales volumes fell -1.3% mom, much worse than expectations Read more…
Germany’s GfK Consumer Climate index improved from -33.1 to -29.8 heading into June, signaling that household sentiment may be stabilizing after months of deterioration, though confidence remains deeply negative overall. The improvement was supported primarily Read more…
Morgan Stanley is staying bullish on Spotify (SPOT), reiterating an overweight rating and a $590 price target, implying more than 30% upside from current levels. The firm’s note, titled “Investor Day Preview: Don’t Stop Believing,” Read more…