UK PM Starmer says that he is not quitting in a cabinet meeting on Tuesday
During a cabinet meeting on Tuesday, British Prime Minister (PM) Keir Starmer said that he was not stepping down.
EUR/JPY Price Forecast: Steadies above 185.00, moving averages following ZEW Survey data
EUR/JPY pares its daily losses, still remaining in the negative territory and trading around 185.10 during the European hours on Tuesday. The currency cross remains steady following the release of the German ZEW Survey data.
WTI Price Forecast: Extends advance to near $98 amid fears of prolonged Hormuz closure
West Texas Intermediate (WTI), futures on NYMEX, is 2.6% higher to near $98.00 during the European trading session on Tuesday. The oil price gains sharply amid growing doubts that the temporary ceasefire between the United States (US) and Iran, announced in early April, would last long.
Eurozone ZEW Survey – Economic Sentiment came in at -9.1, above expectations (-20) in May
Eurozone ZEW Survey – Economic Sentiment came in at -9.1, above expectations (-20) in May
German ZEW Survey – Economic Sentiment unexpectedly improves to -10.2 in May
German ZEW Survey - Economic Sentiment unexpectedly improves to -10.2 in May, while it was expected to deteriorate further to -19.8 from -17.2 in April.
South Africa Unemployment Rate (%) increased to 32.7% in 1Q from previous 31.4%
South Africa Unemployment Rate (%) increased to 32.7% in 1Q from previous 31.4%
South Africa Unemployment Total climbed from previous 7.836M to 8.137M in 1Q
South Africa Unemployment Total climbed from previous 7.836M to 8.137M in 1Q
Germany ZEW Survey – Economic Sentiment registered at -10.2 above expectations (-19.8) in May
Germany ZEW Survey – Economic Sentiment registered at -10.2 above expectations (-19.8) in May
Germany ZEW Survey – Current Situation came in at -77.8 below forecasts (-77.5) in May
Germany ZEW Survey – Current Situation came in at -77.8 below forecasts (-77.5) in May
Japanese Yen underperforms vs USD as Iran tensions offset intervention risks before US CPI
The USD/JPY pair reverses a knee-jerk decline to the 156.75-156.70 region and climbs to the top end of its daily range during the first half of the European session.
ECB: June hike call challenged by data path – TD Securities
TD Securities economists diverge from consensus by expecting the European Central Bank (ECB) to hold rates in June. They stress the absence of clear second-round effects, anchored inflation expectations, and softening confidence and growth.
Spain 9-Month Letras Auction climbed from previous 2.461% to 2.514%
Spain 9-Month Letras Auction climbed from previous 2.461% to 2.514%