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German IFO survey shows economy is picking up speed

German IFO survey shows economy is picking up speed
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Norway central bank sharpens its hawkish claws

Norway central bank sharpens its hawkish claws
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EU PMI services data showing optimism on growth as economies gradually reopen

- Euro Area PMI Services continue improving trend as regional economies gradually reopen (Beats: Euro Zone, UK, Spain, Italy; In-line: France, Germany

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EU confidence data improving as vaccination rates rise

- EU confidence data improving as vaccinations seen allowing the reopening of the economies in the region (Germany, Sweden, and Italy during the sessi

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Inflation concerns continue to push yields higher

- 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.

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