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6/1/2021 10:41:16 AM GMT Notes/Observations - Euro Zone inflation tests above ECB target for 1st time since Nov 2018. - Euro Area PMI Manufacturing data continues to be at or near record highs (Beats: Euro Zone, Germany, France, Italy, Spain; Misses: UK). Asia: - RBA kept its policy steady (as expected) with Cash Rate Target unchanged at 0.10% and 3-year Yield Control maintained at 0.10%. The reiterated stance was committed to maintaining highly supportive monetary conditions to support a return to full employment and inflation consistent with the target. The reiterated stance that conditions, in order to raise rates, were not expected before 2024 at the earliest.

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