Reply To: Traders Market Weekly: Political Uncertainty Rising Globally


May CPI 0.1% m/m, as expected (last 0.5%); 2.4% yr/yr, as expected (last 2.2%)

The U.K. reported no growth for April, though the Bank of England is not expected to announce its initial rate cut until August.
April GDP 0.0% m/m, as expected (last 0.4%); 0.6% yr/yr, as expected (last 0.7%).
April Construction Output -1.4% m/m (expected 0.1%; last -0.4%); -3.3% yr/yr (expected -1.8%; last -2.2%).
April Industrial Production -0.9% m/m (expected -0.1%; last 0.2%); -0.4% yr/yr (expected 0.3%; last 0.5%).
April Manufacturing Production -1.4% m/m (expected -0.2%; last 0.3%); 0.4% yr/yr (expected 1.6%; last 2.3%).
April trade deficit GBP19.61 bln (expected deficit of GBP14.20 bln; last deficit of GBP13.97 bln)

The European Union will impose additional tariffs on imports of electric vehicles from China next month.

Bank of France maintained its 2024 growth forecast at 0.8% and lowered the outlook for 2025 to 1.2% from 1.5%.

European Central Bank policymaker Kazaks repeated that it would be best to lower rates in gradual fashion.