EUROPEAN SESSION
In the European session, the only highlight is the Eurozone Flash CPI. The Headline CPI Y/Y is expected at 1.7% vs 1.7% prior, while the Core Y/Y is seen at 2.2% vs 2.2% prior. The data is not going to change anything for the ECB as central banks are trying to assess the impact from the US-Iran conflict on growth and inflation.
Eurozone Core CPI Y/Y
AMERICAN SESSION
In the American session, we don't have anything on the agenda other than a couple of Fed speakers. The market focus remains on the US-Iran conflict, so the data faded into the background for now. There are some tentative signs of de-escalation, most notably UAE and Qatar lobbying allies to persuade Trump to end the Iran war soon, but no clear action from the US side yet.
CENTRAL BANK SPEAKERS
- 14:55 GMT/09:55 ET - Fed's Williams (dovish - voter)
- 15:30 GMT/10:30 ET - ECB's Kocher (neutral - voter)
- 15:40 GMT/10:40 ET - ECB's Sleijpen (neutral - voter)
- 16:45 GMT/11:45 ET - Fed's Kashkari (hawkish - voter)
