In an environment that already looks dour
It all hinges on the extent of wage increases
Retail trade in EU back at 2021 level
Inflation data is also coming in
Data from the EU and the US will come in droves
But it's far from the top already
Portfolio asked analysts about the outlook for the continent ahead of today's ECB interest rate decision
2024 European Semester cycle of economic policy coordination launched
Country is not ready yet, says Matolcsy
Growth figures ranked
Apart from this and a US inflation data, relatively little of interest this week
Inflation measured according to European methodology is already below 20%
May inflation data due this week
EU inflation report, US labour market data, FED and ECB interest rate meetings in the pipeline, and there's still more
Data from France and Spain are not very positive so far
On the other hand, the situation has improved for loans
Gov't to bring accession forward from 2029
ECB may cut already next year, though