Brown Brothers Harriman’s (BBH) Elias Haddad reports that the Norwegian Krone is outperforming as underlying inflation overshot expectations in May, bringing forward rate hike bets from November to September.

United States Consumer Price Index Core s.a rose from previous 335.423 to 336.1213 in May

United States Consumer Price Index n.s.a (MoM) above expectations (335.11) in May: Actual (335.12)

United States Consumer Price Index ex Food & Energy (YoY) meets expectations (2.9%) in May

United States Consumer Price Index ex Food & Energy (MoM) below forecasts (0.3%) in May: Actual (0.2%)

United States Consumer Price Index (YoY) meets forecasts (4.2%) in May

United States Consumer Price Index (MoM) in line with expectations (0.5%) in May

ING strategists Warren Patterson and Ewa Manthey highlight that Chinese unwrought Aluminium and product exports rose strongly in May to the highest level since November 2024, helped by overseas demand after Middle East disruptions.

Commerzbank’s Volkmar Baur notes that stronger-than-expected South African GDP growth masks weak underlying domestic demand, with consumption and private investment soft while government spending dominates.

India M3 Money Supply remains unchanged at 12% in May 25

TD Securities’ Robert Both updates Canada’s macro outlook as higher Oil prices push WTI above $95 through Q4, lifting headline CPI to an average 2.9% over Q2/Q3.

United States (US) President Donald Trump warned of escalating military operations against Iran, citing that Tehran has taken significant time in negotiating a peace deal.

United States MBA Mortgage Applications rose from previous -2.5% to 10.8% in June 5

Bank of Japan (BoJ) Governor Kazuo Ueda has been hospitalized, according to a statement released by the central bank.

Rabobank’s Global Strategist Michael Every expects the Bank of Canada (BoC) to keep its policy rate at 2.25%, in line with Bloomberg consensus and market pricing.

Greece Consumer Price Index (YoY) declined to 5.2% in May from previous 5.4%

Greece Consumer Price Index - Harmonized (YoY) rose from previous 4.6% to 4.9% in May

Greece Industrial Production (YoY) down to 2.1% in April from previous 8.3%

Iran's Foreign Ministry spokesperson Esmaeil Baghaei said during the European trading session on Wednesday that Tehran needs to re-assess terms of negotiations with Washington following overnight clashes, SNN reported.

Commerzbank’s Tatha Ghose highlights that Hungarian inflation has fallen below the lower bound of the MNB’s tolerance range, with underlying measures remaining within target.

Italy Industrial Output w.d.a (YoY) fell from previous 1.5% to 1.3% in April

Italy Industrial Output s.a. (MoM) came in at 0.5%, above forecasts (-0.1%) in April

Deutsche Bank’s Jim Reid describes a volatile session for US equities, with a sharp intraday tech sell-off largely reversing by the close. The S&P 500 and NASDAQ finished modestly lower, while semiconductors underperformed.

Austria Industrial Production (YoY) fell from previous 1.7% to 0.6% in April

EUR/JPY extends its gains for the third successive day, trading around 185.30 during the early European hours on Wednesday.

Commerzbank’s Charlie Lay reports that Bank Indonesia delivered a surprise off-cycle 25 bp hike to 5.50%, reinforcing its focus on Rupiah stability through higher rates and FX intervention.

Danske Research Team notes that major equity indices fell, led by weakness in the tech sector, which has dropped about 7% since Friday despite a modest rebound on Monday.

Sweden New Orders Manufacturing (YoY) up to 6.3% in April from previous -7.3%

Sweden Industrial Production Value (YoY): 7.1% (April) vs 3%

Sweden Industrial Production Value (MoM) rose from previous -2% to 4.2% in April