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Euro area CPI above ECB target for 1st time since Nov 2018


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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German IFO missed expectations but still improved from month-ago level


- (EU) Daily ECB Liquidity Stats.
- 05:30 (DE) Germany to sell €4.0B in 12-month Bubills.
- 05:30 (ZA) South Africa announces details of upcoming I/L bond sale (held on Fridays).
- 06:00 (IL) Israel Mar Unemployment Rate: No est v 5.1% prior; Unemployment Rate 9including Covid): No est v 16.7% prior.
- 06:00 (IL) Israel Feb Manufacturing Production M/M: No est v -0.5% prior.
- 06:00 (IL) Israel to sell bonds.
- 06:00 (RO) Romania to sell RON500M in 4.15% 2028 Bonds.
- 06:45 (US) Daily Libor Fixing.
- 07:00 (MX) Mexico Feb IGAE Economic Activity Index (Monthly GDP): M/M: 0.1%e v 0.1% prior; Y/Y: -4.1%e v -5.4% prior. ....

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