France’s April CPI 0.6% m/m, as expected (last 0.7%); 5.9% yr/yr, as expected (last 5.7%)
Spain’s April CPI 0.6% m/m, as expected (last 0.4%); 4.1% yr/yr, as expected (last 3.3%)
European Central Bank policymaker Nagel repeated that the rate hike in May was not the last one of the cycle and that more tightening is likely after the summer.
Allianz and Societe Generale reported better than expected results for the quarter.