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UK climbs out of shallow recession – US-Israel pressure eases

UK climbs out of shallow recession – US-Israel pressure eases
fxstreet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fxstreet.com Daily Mail and Mail on Sunday newspapers.

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Some relief in recent equity sell-off and rising bond yeilds

- German May ZEW Survey showing negative impact of higher energy costs is increasingly felt by companies and private households. - Easing oil prices s

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German ZEW expectation survey hits a 20-year high

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.

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