Reply To: Traders Market Weekly: Debt Ceilings and The Consumer


European Central Bank policymaker Knot said that rate hikes have started to have an effect, but more increases will be needed to contain inflation. He added that the 2.0% inflation goal could be reached in 2025.

Fitch lowered the long-term rating of the European Financial Stability Facility to AA- from AA. The Italian Treasury may reduce its stake in BMPS.

Eurozone’s May Sentix Investor Confidence -13.1 (expected -8.0; last -8.7)

Germany’s March Industrial Production -3.4% m/m (expected -1.3%; last 2.1%); 1.6% yr/yr (expected -0.5%; last 0.8%)