6/10/2021 9:29:30 AM GMT
Notes/Observations
- Focus on US may CPI data with YoY expected to accelerate to 4.7%; Fed had been unified that inflation pressures were transitory.
- ECB expected to maintain its pandemic bond-buying program pace.
- ECB Staff Projections long-term inflation forecasts may well remain below the current ECB inflation objective.
- Various Nordic May inflation data eased from month-ago levels (Norway and Sweden both missed YoY consensus).
Asia:
- China PBOC Gov Yi Gang stated that he saw 2021 CPI under 2.0% (Note: compares to 3.0% official target) and expected China GDP expansion to be close to the potential growth rate.
- 05:20 (EU) Daily ECB Liquidity Stats.
- 05:30 (ZA) South Africa Mar Total Mining Production M/M: -1.8%e v +3.8% prior; Y/Y: 17.3%e v 0.8% prior; Gold Production Y/Y: No est v -8.7% prior; Platinum Production Y/Y: No est v
-0.9% prior.
- 05:50 (HU) Hungary Central Bank One-Week Deposit Rate Tender.
- 06:00 (IL) Israel Apr Trade Balance: No est v -$3.0B prior.
- 06:00 (IE) Ireland Apr CPI M/M: No est v 0.8% prior; Y/Y: No est v 0.0% prior.
- 06:00 (IE) Ireland Apr CPI EU Harmonized M/M: No est v 0.9% prior; Y/Y: No est v 0.1% prior.
-
-
Leoni [LEO.DE] +10% (shareholder raises stake).
-
Speakers
- ECB s Villeroy (France) stated that he saw a return of growth to pre-pandemic level by mid-2022 for region. Reiterated view that France to register slight growth in Q1.
-
Norway Central Bank (Norges) Gov Olsen stated that the impact of long-term unemployment was a concern. Reiterated stance that sees housing prices slowing in 2021.
-
-
-
G7 and EU Foreign Ministers issue statement: Express deep concern over Russian troop buildup around Ukraine border. Called on Russia to halt provocations and ease tensions.
-
German ZEW Economists commented that stricter lockdown measures have led to a decline in expectations for private consumption.
-
-
Speakers
-
Swiss SECO March Economic Forecasts maintained its 2021 GDP growth forecast at 3.0% while raising the 2022 GDP growth from 3.1% to 3.3%. Raised 2021 CPI from 0.1% to 0.4% and raised the 2022 CPI from 0.3% to 0.4%
-
-
BOJ might tweak a three-tier deposit system at next week s policy review to exempt a larger portion of reserves from negative interest rates ( Note: move would aim to mitigate the pain negative rates inflict on financial institutions profits). To debate whether 10-year JGB yields should be allowed to move flexibly around the 0% target
-
China Premier Li Keqiang stated that the domestic recovery would create more jobs but employment pressures remain large in 2021. Pro-job policies to be maintained and in some ways strengthened. To create more jobs through market forces and hope to exceed job creation target for 2021. Wanted to promote high quality and sustainable growth; too fast a pace will not be steady. No need to suddenly shift economic
Worldwide Platinum Group Metals (PGM) Industry to 2024 - High Adoption of Platinum-based Medicines is Driving Growth yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.