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India and Iceland hike rates in session citing inflation

EU Mid-Market Update: EU details the 6th round of Russian sanctions; India and Iceland hike rates in session citing inflation; focus on FOMC decision.

Euro area Apr PMI manufacturing stays in expansion territory

EU PMI services data showing optimism on growth as economies gradually reopen

German IFO survey builds up optimism for growth in Q2 and beyond

- (NL) Netherlands Debt Agency (DSTA) sold €1.7B vs. €1.0-2.0B indicated range in 2.75% Jan 2047 DSL bonds; Avg Yield: 0.406% v 0.067% prior. Looking Ahead - (IL) Israel Apr Leading S Indicator M/M: No est v 0.5% prior. - (EU) Daily ECB Liquidity Stats. - 05:15 (CH) Switzerland to sell 3-month Bills. - 05:30 (HU) Hungary Debt Agency (AKK) to sell 3-Month Bills. - 05:30 (DE) Germany to sell €4.0B in 12-month Bulls. - 05:30 (EU) ECB allotment in 7-Day Main Refinancing Tender (MRO). - 05:30 (ZA) South Africa to sell combined ZAR3.9B in 2030, 2032, and 2035 bonds. - 06:00 (UK) May CBI Retailing Reported Sales: 28e v 20 prior; Total Distribution Reported Sales: No est v 30 prior.

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