Germany’s May ifo Business Climate Index 91.7 (expected 93.0; last 93.4).
May Current Assessment 94.8 (expected 94.7; last 95.1)
Business Expectations 88.6 (expected 91.9; last 91.7)
European Central Bank policymaker Nagel said that several more rate hikes will be needed while ECB President Lagarde repeated that she wants rates to reach a sufficiently restrictive level.