Eurozone’s May CPI 0.8% m/m, as expected (last 0.6%); 8.1% yr/yr, as expected (last 7.4%). May Core CPI 0.5% m/m, as expected (last 0.5%); 3.8% yr/yr, as expected (last 3.5%)
Italy’s April trade deficit EUR3.67 bln (last deficit of EUR229 mln)
EU finance ministers are trying to complete an agreement on a global minimum tax but Hungary has voiced opposition to the current proposal.
European Central Bank policymaker Knot said that several 50-bps rate hikes could be made if inflation worsens.
Rail workers in the U.K. are expected to go on strike next week, seeking higher wages.