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.