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UK labour market data were a mixed bag

Chris Scicluna
  • Softer UK labour market data suggest that weak economic activity might be starting to take its toll, with certainly no signs of a wage-price spiral
  • Drop in Japanese IP in April bigger than previously thought as China lockdowns exacerbated supply woes
  • Big rise in German inflation in May confirmed

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UK GDP declines for second month in April

Chris Scicluna
  • Will the Fed dare hike more than 50bps and the BoE dare to hike more than 25bps? And will the BoJ remain passive in the face of the weak yen?

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UK report points to continued labour market tightness

Chris Scicluna
  • Chinese price pressures moderate further leaving scope for further policy easing
  • Japanese goods PPI inflation unexpectedly eases somewhat despite weaker yen

 

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ECB to set out its plan for monetary policy normalisation

Chris Scicluna
  • China exports beat expectations sending trade surplus to four-month high
  • UK housing survey signals slight easing in demand and weaker outlook

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German IP posts a disappointingly subdued rise

Chris Scicluna
  • Economy watchers beat expectations, signalling Q2 GDP growth in Japan and firm job demand

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