Reply To: Traders Market Weekly: Memorial Weekend a Time for Reflection

#37327
Truman
Participant

Eurozone’s May flash Manufacturing PMI 54.4 (expected 54.9; last 55.5) and flash Services PMI 56.3 (expected 57.5; last 57.7)
Germany’s May flash Manufacturing PMI 54.7 (expected 54.0; last 54.6) and flash Services PMI 56.3 (expected 57.2; last 57.6)
U.K.’s May flash Manufacturing PMI 54.6 (expected 54.9; last 55.8) and flash Services PMI 51.8 (expected 56.9; last 58.9). May CBI Distributive Trades Survey -1 (expected -30; last -35). April Public Sector Net Borrowing GBP17.80 bln (expected GBP17.85 bln; last GBP13.91 bln)
France’s May flash Manufacturing PMI 54.5 (expected 55.0; last 55.7) and flash Services PMI 58.4 (expected 58.6; last 58.9). May Business Survey 106 (expected 107; last 108)
European Central Bank President Lagarde repeated that she expects rates to be positive by the end of Q3. However, some policymakers would reportedly prefer a quicker path to positive rates.
British Chancellor of the Exchequer Sunak is planning a windfall tax on over GBP10 bln in profits by electricity companies.
Spain’s Prime Minister Sanchez indicated that a cap on the price of gas will be implemented.