Markets “At some point, we cannot let the market do all the lifting. We need to take a stance.” Belgian ECB governor Wunsch in an interview with the Financial Times joined Schnabel in clearly signalling a rate hike at the upcoming June 11 policy meeting. He said that any peace deal confirmed shortly before the […]
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Fundamental backdrop In April, US inflation stood at 3.8% year-on-year — the highest level since May 2023. A significant contribution came from rising fuel prices amid escalating tensions in the Middle East. Market reaction was Read more…
The US dollar is holding on to its recently gained ground following a series of strong macroeconomic releases and a rise in US Treasury yields. Additional support for the greenback comes from resilient inflation readings, Read more…
In focus today In the US, ADP’s private sector employment growth will be released for May. ADP’s weekly estimates have pointed towards another solid month of job creation. ISM Services Index is also due for Read more…