Reply To: Traders Market Weekly: Market Corrections, When the Rubber Meets the Road

#36002
Truman
Participant

Germany’s May GfK Consumer Climate -26.5 (expected -16.0; last -15.7)
U.K.’s April CBI Distributive Trades Survey -35 (expected -3; last 9)
France’s April Consumer Confidence 88 (expected 92; last 90)
Italy’s March non-EU trade deficit EUR510 mln (last deficit of EUR1.55 bln)
Swiss April ZEW Expectations -51.6 (last -27.8)
The supply of Russian gas to Poland and Bulgaria will reportedly remain halted until the two countries agree to pay for deliveries in rubles.
Germany’s Finance Minister Lindner warned about a “very high risk” of a feedback loop between inflation and higher wages.
Deutsche Bank reported better than expected profit for Q1 while Mercedes-Benz reported profit growth for Q1.