In the US, analysts at Danske Bank expect CPI core to rise 0.2% m/m (in line with consensus), implying an increase in the inflation rate to 2.2% y/y from 2.1% in April.
Key Quotes
“The NFIB small business optimism index in May is also due out today.”
“In the UK, focus is on the House of Lords’ amendments to the EU withdrawal bill, which returns to the House of Commons today (two-day debate). Focus will be on whether Conservative rebels will go against PM Theresa May and vote for a softer Brexit. The jobs report for April is also due out at 10:30 CEST. It might be a volatile day for EUR/GBP.”
“In Germany , ZEW expectations for June are due out today.”
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