Major European indices trade in the green, encouraged by news that EU trade negotiator Zovko said that a trade deal has been made with the U.S.
STOXX Europe 600: +0.4%,
Germany’s DAX: +0.4%,
U.K.’s FTSE 100: +0.1%,
France’s CAC 40: +0.7%,
Italy’s FTSE MIB: +0.6%,
Spain’s IBEX 35: +0.6%.
Eurozone
European Central Bank policymaker Kocher said that a June rate hike is expected if there is no quick end to the Iran conflict.
April CPI 1.0% m/m (expected 1.0%; last 1.3%); 3.0% yr/yr (expected 3.0%; last 2.6%). April Core CPI 0.9% m/m (expected 0.9%; last 0.8%); 2.2% yr/yr (expected 2.2%; last 2.3%)
Germany
April PPI 1.2% m/m (expected 2.0%; last 2.5%); 1.7% yr/yr (expected 1.5%; last -0.2%)
U.K.
The U.K. is reportedly lobbying supermarkets to introduce price caps on essential times like eggs, bread, and milk.
April CPI 0.7% m/m (expected 0.9%; prior 0.7%); 2.8% yr/yr (expected 3.0%; last 3.3%).
April Input PPI 2.4% m/m (expected 1.2%; last 4.3%); 7.7% yr/yr (expected 5.9%; prior 5.3%).
April Output PPI 1.4% m/m (expected 1.0%; prior 1.4%); 4.0% yr/yr (expected 2.8%; prior 3.0%)