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%.
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.
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.
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.
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%.
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.
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.
Reserve Bank of Australia (RBA) Governor Michele Bullock testified on Thursday before the Senate Economics Legislation Committee.
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.
West Texas Intermediate (WTI) price declines after three successive days of gains, trading around $92.70 per barrel during the Asian hours on Thursday.
Japan’s Chief Cabinet Secretary Minoru Kihara said on Thursday, “specific monetary policy means are up to the Bank of Japan (BoJ) to decide.”
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.
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.
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.