German Bundesbank President Joachim Nagel signaled that another ECB rate hike in July remains possible, emphasizing that policymakers are keeping “all options open” as they assess the inflationary impact of the Middle East conflict. Just one day after ECB raised rates by 25 basis points, Nagel stressed that the Governing Council stands “ready to respond […]
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In focus today UK April GDP is released today. PMIs suggest the economy remained in growth territory in April and only slowed in May, although market consensus expects GDP in April to decline further from Read more…
UK GDP contracted by -0.1% m/m in April, matching expectations. The setback followed solid gains of 0.4% in February and 0.3% in March, suggesting the economy lost some momentum at the start of the second Read more…
Key takeaways Global stock markets staged a powerful relief rally after President Trump signalled that a comprehensive peace agreement between the US and Iran could be reached soon, triggering a sharp 6% decline in crude Read more…