New York Session Heads Up May 31 2022
- Eurozone Sentiment Barely Changed In May, Inflation Exp. Ease
- ECB’s Lane: Two Quarter-Point Rate Hikes ‘Benchmark Pace’
- German CPI Climbs To The Highest Since Early 1970s
- Germany Agrees $107Bln Fund To Modernize Military
- German Import Prices Surged 31.7%, Most Since Sept 1974
- Spanish Inflation Unexpectedly Quickens, Raising Pressure On ECB
- UK Inflation Expectations Stick At High Levels – Citi/YouGov
- In UK, Cheap Pasta Soars By 50%, Exemplifying Cost Of Living Crisis
- Swedish Economy Shrinks As Pandemic And War Pinch Exports
- Shanghai City To Begin Lifting Lockdown Restrictions On June 1
- Eurozone Government Bond Yields Jump After First Inflation Data
- Dollar Resumes Slide As Stock Markets Tentatively Pick Up
- Oil Price Breaches $120 A Barrel On Supply Concerns
- EU Makes Eleventh-Hour Push To Agree On Russia Oil Sanctions
- EU Leaders Back Push To Ban Some Russian Oil Over Putin’s War
- Biden, Fed’s Powell To Meet At 1:15pm Tuesday: White House
- Fed’s Waller Backs Half-Point Rate Hikes At ‘Several’ Meetings
- China Factory Activity Contracts Again As Lockdowns Curb Output
- Japan’s April Factory Output Slumps In Worrying Sign For Economy
- Australia Q1 GDP Up In The Air As Strong Demand Sucks In Imports
- NZ Sees First Fall in Home-Building Approvals Since January
- Lloyds Bank: UK Business Confidence Ticks Higher In May
- Yuan-Ruble Trading Explodes as America’s Rivals Rebuff Dollar
- Oil Extends Sixth Monthly Gain As EU Set To Curb Russian Supply
- Treasuries Slide As Inflation Fears Eat Away At May Rally
- Stocks Dip, Bonds Drop As German Surprise Renews Inflation Fears
- Executives ‘Buy The Dip’ At Rate Not Seen Since Start Of Pandemic
- Foxconn Predicts More Stable Supply Chain In Second Half Of 22
- Credit Suisse Weighs Options To Strengthen Capital – RTRS
Economic Data
- Eurozone Consumer Confidence May F: -21.1 (prev -21.1)
- German CPI (Y/Y) May P: 7.9% (est 7.6%; prev 7.4%)
- German State Hesse CPI (M/M) May: 1.0% (prev 0.5%)
- German State Bavaria CPI (M/M) May: 1.0% (prev 0.4%)
- German State Baden-Württemberg CPI (M/M) May: 0.9% (prev 1.2%)
- German State Saxony CPI (M/M) May: 1.1% (prev 1.0%)
- German Import Price Index (Y/Y) Apr: 1.8% (est 2.0%; prev 5.7%)
- Italian PPI (M/M) Apr: -0.3% (prev 4.7%)
- Spanish CPI (M/M) May P: 0.8% (est 0.6%; prev -0.2%)
- Belgium CPI (M/M) May: 0.77% (prev 0.33%)
- Swiss Domestic Sight Deposits (CHF) May 27: 663.1B (prev 664.9B)
- Swiss KOF Leading Indicator May: 96.8 (est 102.5; prev 101.7; prevR 103.0)
- Swedish GDP (Q/Q) Q1: -0.8% (est -0.4%; prev 1.1%; prevR 1.2%)
- Swedish Trade Balance Apr: -1.8B (prev 4.7B)
- Swedish Wages Non-Manual Workers (Y/Y) Mar: 2.7% (prev 2.2%)
- Norwegian Retail Sales W/Auto Fuel (M/M) Apr: -0.9% (prev 3.3%; prevR 3.0%)
- Japan Machine Tool Orders (Y/Y) Apr F: 25.0% (prev 25.0%)
- China Manufacturing PMI May: 49.6 (est 49, prev 47.4)
- China Non-Manufacturing PMI May: 47.8 (est 45, prev 41.9)
- Japan Industrial Production (M/M) AprP: -1.3% (est -0.2%, prev 0.3%)
- Japan Job-To-Applicant Ratio Apr: 1.23 (est 1.23, prev 1.22)
- Japan Retail Sales (Y/Y) Apr: 2.9% (est 2.6%, prevR 0.7%)
- Australia Building Approvals April: -2.4% (est 2%, prev -18.5%)
- Australia Current Account Balance Q1: 7.5Bln (est 13.4bln, prev 12.7bln)
- NZ Building Permits (M/M) April: -8.5% (prev 5.8%)
- UK Lloyds Business Barometer May: 38 (prev 33)
Crypto