Germany’s GfK Consumer Climate improved modestly heading into July, with the headline index rising from a revised -29.7 to -29.2, but missed expectation of -28.0. The improvement was driven mainly by a slight recovery in income expectations, while willingness to buy remained deeply negative and households continued to favor saving over spending. The latest survey […]
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Markets Core bonds rallied yesterday with US Treasuries outperforming German Bunds. Yields in the US fell 5.2 (2-yr) to >10 bps (30-yr). German rates eased 2.4-6 bps in a similar curve shift. End-of-quarter (extension) buying Read more…
In focus today In the US, today’s main data focus will be on the May PCE. Consensus and the Kalshi prediction market expect that core PCE was 0.3% m/m in May with a tilt towards Read more…
The Dollar Index (DXY) maintains an incomplete bullish sequence from the January 27, 2026 low, supporting expectations for further upside. The projected target lies within the 100%–161.8% Fibonacci extension range, measured from that low, pointing Read more…