News

Ireland Gross Domestic Product (QoQ) below forecasts (-2%) in 1Q: Actual (-12.1%)

Source  Fxstreet1780567201

Ireland Gross Domestic Product (YoY) registered at -17.1%, below expectations (-6%) in 1Q

Source  Fxstreet1780567201
ECB: Inflation expectations and household demand – BNY

BNY’s Geoff Yu highlights that the ECB is heading into its blackout period with a rate hike effectively locked in, as Eurozone households’ 12‑month inflation expectations remain above 3%.

Source  Fxstreet1780566240

United States Challenger Job Cuts climbed from previous 83.687K to 97.006K in May

Source  Fxstreet1780565440

Spain 5-y Bond Auction: 2.947% vs previous 2.959%

Source  Fxstreet1780564152
Brent: Conflict risks and ceasefire headlines – Deutsche Bank

Deutsche Bank’s Henry Allen and colleagues highlight that Brent Oil has reversed earlier gains as reports of a conditional ceasefire between Israel and Lebanon eased some geopolitical risk.

Source  Fxstreet1780563897

Spain 3-y Bond Auction climbed from previous 2.675% to 2.772%

Source  Fxstreet1780563831

United Kingdom S&P Global Construction PMI fell from previous 39.7 to 38.2 in May

Source  Fxstreet1780561801
BoJ to raise interest rates at June meeting – Reuters

According to sources, the Bank of Japan (BoJ) will raise interest rates in the June policy meeting, Reuters reports. The report also states that the central bank is leaning towards pausing or slowing the pace of its bond-buying taper from Fiscal 2027.

Source  Fxstreet1780559451
China’s Commerce Ministry opposes US proposes forced labor tariffs

China's commerce ministry said during the European trading session on Thursday that it opposes all forms of United States (US) unilateral tariffs. The statement from the Commerce Ministry is in response to Washington’s proposed forced labor tariffs.

Source  Fxstreet1780557868

Switzerland Unemployment Rate s.a (MoM) remains at 3% in May

Source  Fxstreet1780556400

Spain Industrial Output Cal Adjusted (YoY) in line with expectations (2%) in April

Source  Fxstreet1780556400
Switzerland Consumer Price Index rises slower than estimates: What the stable inflation growth means for Swiss Franc?

Switzerland Consumer Price Indes rises at a steady pace of 0.6% Year-on-Year (YoY) in May, but slower than estimates of 0.8%. On a monthly basis, inflationary pressures grew moderately by 0.2% vs. estimates and the previous reading of 0.3%.

Source  Fxstreet1780555298
Indian Rupee: RBI focus on FX stability – Commerzbank

Commerzbank analysts report that India will introduce new Producer Price Index (PPI) and revised WPI indices on 15 June, improving measurement of producer price pressures but with limited near-term policy impact.

Source  Fxstreet1780554842

Switzerland Consumer Price Index (YoY) came in at 0.6% below forecasts (0.8%) in May

Source  Fxstreet1780554601

Switzerland Consumer Price Index (MoM) below expectations (0.3%) in May: Actual (0.2%)

Source  Fxstreet1780554601
Equities: Pullback seen as pause in tech-led rally – Danske Bank

Danske Research Team notes that equities fell on stronger macro data, Middle East headlines and higher Oil prices, but they view the move as a modest setback within an exceptionally strong rally.

Source  Fxstreet1780554088
RBA’s Bullock: Inflation likely to rise further in near term

Reserve Bank of Australia (RBA) Governor Michele Bullock testified on Thursday before the Senate Economics Legislation Committee.

Source  Fxstreet1780549931
India to scrap capital gains tax on foreign investment in government bonds - ET

On early Thursday, a report from The Economic Times (ET) has shown that the Indian government plans to scrap capital gains tax on investments in government securities by foreign portfolio investors (FPIs), in an attempt to improve the inflow of foreign funds into the economy.

Source  Fxstreet1780541594
WTI slips below $93.00 following Israel-Lebanon ceasefire deal

West Texas Intermediate (WTI) price declines after three successive days of gains, trading around $92.70 per barrel during the Asian hours on Thursday.

Source  Fxstreet1780540243
Japan’s Kihara: Specific monetary policy means are up to the BoJ to decide

Japan’s Chief Cabinet Secretary Minoru Kihara said on Thursday, “specific monetary policy means are up to the Bank of Japan (BoJ) to decide.”

Source  Fxstreet1780539415
Australian Dollar inches higher against Japanese Yen following Trade Balance data

AUD/JPY pares its daily losses, remaining in the negative territory and trading around 114.10 during the Asian hours on Thursday. The receives minor support as the Australian Dollar (AUD) gains following the release of Australia’s Trade Balance data.

Source  Fxstreet1780537621

Australia Trade Balance (MoM) up to 1791M in April from previous -1841M

Source  Fxstreet1780536680

Australia Exports (MoM): 7.2% (April) vs -2.7%

Source  Fxstreet1780536671

Australia Imports (MoM) declined to 0.8% in April from previous 14.1%

Source  Fxstreet1780536638

New Zealand ANZ Commodity Price: 0.7% (May) vs -0.8%

Source  Fxstreet1780534902
House passes war powers resolution to halt Trump’s authority in Iran

The Republican-led House voted to curb the US war with Iran, breaking with US President Donald Trump on an unpopular foreign conflict that is taking an escalating economic toll on Americans, Bloomberg reported on Wednesday.

Source  Fxstreet1780532055

Ireland AIB Services PMI climbed from previous 49.7 to 50.8 in May

Source  Fxstreet1780531261
Israel and Lebanon agree to renew ceasefire

Israel and Lebanon on Wednesday agreed to renew a ceasefire but said it would require a "complete cessation" of fire by Iran-backed Hezbollah. The agreement was announced in a joint statement after US-led talks in Washington.

Source  Fxstreet1780531146

Japan Foreign Investment in Japan Stocks declined to ¥-491.2B in May 29 from previous ¥1080.4B

Source  Fxstreet1780530603
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