German consumer prices showed varying increases in May, with Hesse rising by 1.9% Y/Y, Saxony by 3.1% Y/Y, NRW by 2.5% Y/Y, Bavaria by 2.7% Y/Y, and Brandenburg by 2.9% Y/Y. The preliminary Harmonized CPI for Germany rose by 2.8% Y/Y, exceeding expectations, while the preliminary Consumer Prices rose by 2.4% Y/Y, meeting expectations. Additionally, the German 10-year yield increased to 2.65%, the highest since November.
FRANCE (MAY) CPI EU HARMONIZED YOY ACTUAL: 2.7% VS 2.4% PREVIOUS;EST 2.6%
FRANCE (APR) PPI MOM ACTUAL: -3.6% VS -0.2% PREVIOUS
FRANCE (Q1) GDP QOQ ACTUAL: 0.2% VS 0.2% PREVIOUS;EST 0.2%
FRANCE (Q1) GDP YOY ACTUAL: 1.3% VS 1.1% PREVIOUS;EST 1.1%
🔴 FRENCH GDP QOQ FINAL ACTUAL 0.2% (FORECAST 0.2%, PREVIOUS 0.2%) $MACRO
FRENCH CONSUMER SPENDING MOM ACTUAL -0.8% (FORECAST 0.2%, PREVIOUS 0.4%) $MACRO
FRENCH PPI YOY ACTUAL -6.8% (FORECAST -, PREVIOUS -7.5%) $MACRO
🇨🇭 Switzerland Retail Sales (YoY) (Apr) $CHF Actual: 2.7% 🟢 Expected: 0.2% Previous: -0.2%
SWISS RETAIL SALES YOY ACTUAL 2.7% (FORECAST -, PREVIOUS -0.1%) $MACRO
🇩🇪 Germany German Retail Sales (YoY) (Apr) $EUR Actual: -0.6% Previous: 0.3%
GERMAN REAL RETAIL SALES MAY 2024 FULL REPORT https://t.co/qGYFysumtZ
GERMAN REAL RETAIL SALES YOY ACTUAL 1.8% (FORECAST 2.5%, PREVIOUS 0.3%) $MACRO
GERMAN REAL RETAIL SALES MOM ACTUAL -1.2% (FORECAST -0.3%, PREVIOUS 1.8%) $MACRO
FRENCH NON-FARM PAYROLLS REVISED ACTUAL 0.3% (FORECAST -, PREVIOUS 0.2%) $MACRO
🇯🇵 Japan Housing Starts (YoY) (Apr) $JPY Actual: 13.9% 🟢 Expected: -0.2% Previous: -12.8%
JAPANESE HOUSING STARTS YOY ACTUAL 13.9% (FORECAST -0.1%, PREVIOUS -12.8%) $MACRO
🇯🇵 Housing Starts YoY (Apr) Actual: 13.9% Expected: -0.2% Previous: -12.8% https://t.co/Yq9ba6d48I
Heads Up:🇯🇵 Housing Starts YoY (Apr) due at 05:00 GMT (15min) Expected: -0.2% Previous: -12.8% https://t.co/Yq9ba6d48I
Japan's industrial production dropped by 0.1% month-on-month, missing the forecast of 1.5% and down from the previous 4.4%. $SA
🔴 JAPANESE LARGE SCALE RETAIL SALES YOY ACTUAL 3% (FORECAST -, PREVIOUS 7%) $MACRO
🇯🇵 Industrial Production YoY Prel (Apr) Actual: -1.0% Previous: -6.2% https://t.co/MZvbLNjqUr
JAPAN (APR) INDUSTRIAL PRODUCTION (MOM) ACTUAL: -0.1% VS 4.4% PREVIOUS; EST 1.5%
Japan April Industrial Output -0.1% m/m (expected +0.9%) https://t.co/Ci867S5rqw
JAPANESE RETAIL SALES YOY ACTUAL 2.4% (FORECAST 1.7%, PREVIOUS 1.2%) $MACRO
🇯🇵 Retail Sales YoY (Apr) Actual: 2.4% Expected: 1.9% Previous: 1.1% https://t.co/MZvbLNjqUr
🔴 ⚠️ BREAKING: JAPANESE INDUSTRIAL OUTPUT PRELIM MOM SA ACTUAL -0.1% (FORECAST 1.5%, PREVIOUS 4.4%) $MACRO
Heads Up:🇯🇵 Industrial Production YoY Prel (Apr) due at 23:50 GMT (15min) Previous: -6.2% https://t.co/MZvbLNjqUr
JAPAN (APR) TOKYO CPI EX-FRESH FOOD, ENERGY (YOY) ACTUAL: 1.7% VS 1.8% PREVIOUS; EST 1.8%
JAPAN (APR) TOKYO CPI EX-FRESH FOOD (YOY) ACTUAL: 1.9% VS 1.6% PREVIOUS; EST 1.9%
JAPAN (APR) JOBLESS RATE ACTUAL: 2.6% VS 2.6% PREVIOUS; EST 2.6%
🔴 JAPANESE UNEMPLOYMENT RATE ACTUAL 2.6% (FORECAST 2.6%, PREVIOUS 2.6%) $MACRO
🔴 TOKYO CPI OVERALL ACTUAL 2.2% (FORECAST 2.2%, PREVIOUS 1.8%) $MACRO
🔴 TOKYO CORE CPI YOY ACTUAL 1.9% (FORECAST 1.9%, PREVIOUS 1.6%) $MACRO
US 4-WEEK BILL BID-TO-COVER ACTUAL 2.83 (FORECAST -, PREVIOUS 2.770) $MACRO
⚠️ US PRELIM Q1 PCE PRICE INDEX +3.3% **US PRELIM Q1 CORE PCE +3.6% (CONSENSUS +3.7%) **US PRELIM Q1 PCE PRICE INDEX EX-FOOD/ENERGY/HOUSING +3.2% **US PRELIM Q1 PCE SERVICES PRICE INDEX EX-ENERGY/HOUSING +4.9% **US PRELIM Q1 FINAL SALES +1.7% **US PRELIM Q1 CONSUMER SPENDING…
🇺🇸 Goods Trade Balance Adv (Apr) Actual: -99.41B Expected: $-91.8B Previous: $-91.83B https://t.co/MZvbLNjqUr
US GDP PRICE INDEX ACTUAL 3% (FORECAST 3.1%, PREVIOUS 3.1%) $MACRO
US CORE PCE PRICES ADVANCE ACTUAL 3.6% (FORECAST 3.7%, PREVIOUS 3.7%) $MACRO
US RETAIL INVENTORIES EX-AUTO ADV. ACTUAL 0.3% (FORECAST -, PREVIOUS -0.2%) $MACRO
🇺🇸 United States Goods Trade Balance (Apr) $USD Actual: -99.41B 🔴 Expected: -91.90B Previous: -92.29B
Heads Up:🇺🇸 Goods Trade Balance Adv (Apr) due at 12:30 GMT (15min) Expected: $-91.8B Previous: $-91.83B https://t.co/MZvbLNjqUr
🇮🇹 Italy Italian 5-Year BTP Auction $EUR Actual: 3.54% Previous: 3.28%
🇮🇹 Italy Italian 10-Year BTP Auction $EUR Actual: 3.97% Previous: 3.86%
ITALIAN 10 YR BID-TO-COVER ACTUAL 1.45 (FORECAST -, PREVIOUS 1.34) $MACRO
ITALIAN 5 YR BTP YIELD ACTUAL 3.54% (FORECAST -, PREVIOUS 3.41%) $MACRO
ITALIAN 10 YR BTP YIELD ACTUAL 3.97% (FORECAST -, PREVIOUS 3.86%) $MACRO
ITALIAN 5 YR BID-TO-COVER ACTUAL 1.48 (FORECAST -, PREVIOUS 1.33) $MACRO
🇮🇹 Italy Italian PPI (YoY) (Apr) $EUR Actual: -5.9% Previous: -9.6%
ITALIAN UNEMPLOYMENT RATE ACTUAL 6.9% (FORECAST 7.3%, PREVIOUS 7.2%) $MACRO
🇨🇭 Switzerland KOF Leading Indicators (May) $CHF Actual: 100.3 🔴 Expected: 102.2 Previous: 101.9
SWISS GDP YOY ACTUAL 0.6% (FORECAST 0.7%, PREVIOUS 0.6%) $MACRO
SPANISH HICP YOY FLASH ACTUAL 3.8% (FORECAST 3.7%, PREVIOUS 3.4%) $MACRO
SPANISH CPI MOM FLASH ACTUAL 0.3% (FORECAST 0.3%, PREVIOUS 0.70%) $MACRO
SWISS KOF INDICATOR ACTUAL 100.3 (FORECAST 102.1, PREVIOUS 101.8) $MACRO
Heads Up:🇨🇭 KOF Leading Indicators (May) due at 07:00 GMT (15min) Expected: 102.3 Previous: 101.8 https://t.co/MZvbLNjqUr
🇨🇭 Switzerland Trade Balance (Apr) $CHF Actual: 4.316B 🟢 Expected: 3.980B Previous: 3.767B
🇨🇭 Balance of Trade (Apr) Actual: CHF3.9B Previous: CHF3.1B https://t.co/MZvbLNjqUr
🇨🇭 Balance of Trade (Apr) Actual: CHF3.9B Previous: CHF2.8B https://t.co/MZvbLNjqUr
SWEDEN (Q1) GDP QOQ ACTUAL: 0.7% VS -0.1% PREVIOUS;EST 0.0%
SWEDEN (Q1) GDP WDA YOY ACTUAL: 0.7% VS -0.2% PREVIOUS;EST -0.9%
⚠️ SWISS APRIL TRADE BALANCE CHF 4,316 MLN VS REVISED CHF 3,767 MLN IN PVS MONTH - CUSTOMS DATA **SWISS WATCH EXPORTS RISE 4.5% IN APRIL Y/Y IN NOMINAL TERMS TO CHF 2.15 BLN - CUSTOMS DATA
SWEDISH GDP REVISED YOY ACTUAL 0.7% (FORECAST -, PREVIOUS -1.1%) $MACRO
SWEDISH GDP REVISED QOQ ACTUAL 0.7% (FORECAST -, PREVIOUS -0.1%) $MACRO
SWISS TRADE BALANCE ACTUAL 4,316M (FORECAST -, PREVIOUS 3,542M) $MACRO
Heads Up:🇨🇭 Balance of Trade (Apr) due at 06:00 GMT (15min) Previous: CHF2.8B https://t.co/MZvbLNjqUr
ITALIAN PPI YOY ACTUAL -9.6% (FORECAST -, PREVIOUS -10.8%) $MACRO
DUTCH MANUFACTURING CONFIDENCE ACTUAL -2.8 (FORECAST -, PREVIOUS -3.6) $MACRO
FOREIGN INVESTMENT JAPANESE BONDS ACTUAL -789.9B (FORECAST -, PREVIOUS 427.4B) $MACRO
JAPANESE FOREIGN BOND INVESTMENT ACTUAL -297.9B (FORECAST -, PREVIOUS 2,192.2B) $MACRO
🇯🇵 Foreign Bond Investment (May/25) Actual: -297.9B Previous: 2,189.6B https://t.co/CjK6VM9NKa
FOREIGN INVESTMENT JAPANESE STOCKS ACTUAL 82.4B (FORECAST -, PREVIOUS 248.1B) $MACRO
Heads Up:🇯🇵 Foreign Bond Investment (May/25) due at 23:50 GMT (15min) Previous: ¥2192.2B https://t.co/CjK6VM9NKa
🔴 ⚠️ BREAKING: GERMAN HICP YOY PRELIM ACTUAL 2.8% (FORECAST 2.7%, PREVIOUS 2.4%) $MACRO
GERMAN 15 YR BID-TO-COVER ACTUAL 1.9 (FORECAST -, PREVIOUS 1.6) $MACRO
GERMAN 15 YR BUND YIELD ACTUAL 2.8% (FORECAST -, PREVIOUS 2.54%) $MACRO
ITALIAN NON-EU FLASH TRADE BALANCE ACTUAL 4.91B (FORECAST -, PREVIOUS 5.60B) $MACRO
ITALIAN MFG BUSINESS CONFIDENCE ACTUAL 88.4 (FORECAST 88, PREVIOUS 87.6) $MACRO
ITALIAN CONSUMER CONFIDENCE ACTUAL 95.2 (FORECAST 96, PREVIOUS 95.2) $MACRO
SWISS ZEW EXPECTATIONS ACTUAL 18.2 (FORECAST -, PREVIOUS 17.6) $MACRO
JAPANESE CONSUMER CONFIDENCE ACTUAL 36.2 (FORECAST 39.2, PREVIOUS 38.3) $MACRO
SPANISH RETAIL SALES SA YOY ACTUAL 0.3% (FORECAST -, PREVIOUS 0.6%) $MACRO
FRENCH CONSUMER CONFIDENCE ACTUAL 90 (FORECAST 91, PREVIOUS 90) $MACRO
GERMAN GFK CONSUMER SENTIMENT ACTUAL -20.9 (FORECAST -22.5, PREVIOUS -24.2) $MACRO
🔵 GERMAN INFLATION RISES TO 2.8% IN MAY Full Story → https://t.co/fegiknc5HA German inflation rose slightly more than expected to 2.8% in May, preliminary data from the federal statistics office showed on Wednesday. https://t.co/ifqifdYuUr
*GERMAN 10-YEAR YIELD RISES 6BPS TO 2.65%, HIGHEST SINCE NOV. *GERMANY PRELIM MAY HARMONIZED CPI RISES 2.8% Y/Y; EST. +2.7%
German May Preliminary Hicp +2.8% Y/Y (vs F’cast of +2.7% Y/Y)- Statistics Office German May Preliminary Hicp +0.2% M/M (vs F’cast of +0.2% M/M)- Statistics Office
*GERMANY PRELIM MAY HARMONIZED CPI RISES 2.8% Y/Y; EST. +2.7% *GERMANY PRELIM MAY CONSUMER PRICES RISE 2.4% Y/Y; EST. +2.4%
Germany May preliminary CPI +2.4% vs +2.4% y/y expected https://t.co/T2OD1imGGC
🇩🇪 #GERMANY'S HESSE MAY CONSUMER PRICES RISE 1.9% Y/Y - BBG *GERMANY'S SAXONY MAY CONSUMER PRICES RISE 3.1% Y/Y *GERMANY'S NRW MAY CPI RISES 2.5% Y/Y *GERMANY'S BAVARIA MAY CPI RISES 2.7% Y/Y *GERMANY'S BRANDENBURG MAY CPI RISES 2.9% Y/Y