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EU Mid-Market Update: Finland and Sweden set to submit NATO applications in historical move while Russia pulls back from 2nd largest Ukrainian city Kh ....
- German May ZEW Survey showing negative impact of higher energy costs is increasingly felt by companies and private households. - Easing oil prices s ....
- Sanofi [SAN.FR] +1%, - Speakers - EU s Vestager noted that it was too early to consider a 2nd economic recovery package for the region. - Hungary Central Bank Dep Gov Virag stated that saw many signs of inflation in the economy with upward risks rising. MPC to be proactive in addressing inflation and stressed that maintenance of price stability would be key. Saw inflation back within range by summer. - - Russia Central Bank Dep Gov Zabotkin stated that monetary policy should return to neutral ( Note: Neutral level for rates seen between 5.0-6.0% area with the One-Week Auction Rate currently standing at 5.00%). ....
5/11/2021 9:59:25 AM GMT Notes/Observations - Germany s ZEW beats consensus and registered a 21-year high as slowing down of the 3rd wave of the pandemic provides some optimism. - Uncertainty continues over the Covid-19 pandemic in Far East. - Inflation fears haunting markets as Inflation in emerging Europe puts focus on potential rate hikes in region. - UK government will set out its legislative agenda for the new parliamentary session in the Queen s Speech today. Asia - China Apr CPI Y/Y: 0.9% v 1.0%e; PPI Y/Y: 6.8% v 6.5%e. - China releases 2020 census put its total population 1.412B v 1.4005B y/y; Total population increased 5.38% from 2010-2020 compare0d to 5.84% from 2000-2010 period. ....