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Risk-on start to the week aided by Chinese Covid news

Chris Scicluna
Emily Nicol
  • German states suggest that flash May inflation data will report another significant rise

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Tokyo CPI remains boosted by high food and energy prices

Chris Scicluna
Emily Nicol
  • Spanish retail sales rebound

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French consumer confidence lowest since 2014

Chris Scicluna
Emily Nicol
  • German consumer confidence signals subdued household spending in Q2
  • German Q1 GDP growth unrevised at 0.2%Q/Q, underpinned by solid construction investment

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Japanese PMIs imply recovery in services

Chris Scicluna
Emily Nicol
  • Underlying inflationary pressures continue to broaden in Japan
  • Euro area flash PMIs set to point to ongoing services recovery
  • UK flash PMIs to signal a further loss of momentum amid higher living costs

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Beijing Covid outbreak weighs on Chinese markets

Chris Scicluna
Emily Nicol
  • Japanese flash PMIs and Tokyo CPI figures for May the highlights this week
  • Euro area sentiment surveys to flag persisting supply-side constraints
  • UK flash PMIs and retail sector survey to highlight impact of cost of living crisis

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