In focus today In the US, ISM Manufacturing index will be released for May. Regional Fed indices are pointing towards another uptick despite the energy supply uncertainty. In the euro area, we receive data on unemployment in April. We expect 6.2%, in line with consensus. While unemployment is low, the labour market has softened, with […]
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Switzerland’s economy expanded faster than expected in the first quarter, with GDP excluding sporting events rising from 0.2% qoq to 0.7% qoq, well above the 0.5% qoq consensus forecast. On a sport-adjusted basis, GDP accelerated Read more…
Markets President Trump retreated in the Situation Room last Friday to make a “final determination” on a preliminary agreement that would, amongst others, extend the April ceasefire but reportedly left the room without having made Read more…
ECB Executive Board member Isabel Schnabel reinforced her hawkish stance on Monday, arguing that policymakers can no longer treat the inflation impact of the Iran conflict as a temporary shock. Speaking at a conference in Read more…