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.
Rentebesluit ECB en Amerikaanse inflatie domineren beurshandel lc.nl - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from lc.nl Daily Mail and Mail on Sunday newspapers.
- Consumer staples: Salmar SALM.NO -5.1% (placement completion).
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Healthcare: Clinigen CLIN.UK -25.8% (trading update), Oasmia Pharma OASM.SE +4.0% (research update), Smith & Nephew SN.UK +3.3% (analyst action).
- Industrials: Leclanche LECN.CH +1.4% (results), Aker Solutions AKSO.NO.+1.2% (agreement with Petrobras), Heidelberger Drukmaschinen HDD.DE -13.2% (results).
Speakers
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BOE s Haldane (chief economist, QE dissenter) noted that the domestic economy was going gangbusters at this time and needed to begin turning off the monetary policy tap. If pay and costs were picking up then inflation was not very far behind.
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Sweden Central Bank (Riksbank) Gov Ingves stated that he expected inflation to fall in the short-term and then gradually rise back towards the 2% target. Reasonable to believe that inflation sped up after July. He saw big risks in withdrawing policy measures too early.
Rentebesluit ECB speerpunt van komende beursweek nieuws.nl - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nieuws.nl Daily Mail and Mail on Sunday newspapers.