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Livesquawk - European Briefing - Tuesday 01.06
European Briefing - Tuesday 01.06
Headlines
  • ECB’s Visco: ECB Will Counter Any Unjustified Interest Rate Rises
  • SNB Zurbruegg: Welcome Recent Weakening, But Franc Still Highly Valued
  • Three-Child Policy: China Lifts Cap On Births In Major Policy Shift
  • China Takes Its Most Visible Measure Yet To Curb Yuan’s Gain
  • Japan FinMin: Don't Expect Specific Tax Rates To Be Debated At G7
  • Chinese Manufacturing Growth Picked Up In May, Inflation Pressures Builds
  • Japan's Capital Spending Extends Declines As Firms Tighten Purse Strings
  • Australian Central Bank Keeps Policy On Hold, Looks To July Meeting
  • Australia Dwelling Approvals Fall, But Private Houses Reach New High
  • Dollar In Doldrums As Traders Ponder Fed Policy Path; Sterling Soars
  • Asian Stocks At Month High Ahead Of US Jobs Data, Gold Rises
  • Euro Zone Inflation Rate Set To Approach ECB Target; Date Due At 10:00
Commentary
Eurozone Inflation Rate Set To Approach ECB Target

Headline Consumer Price Growth In The Eurozone Is Expected To Move Close To 2% This Month, An Outcome In Line With European Central Bank Predictions That Inflation Will Temporarily Exceed Its Target Of Near But Below That Mark.

 

An Economists’ Poll Says This Month’s Annual Inflation Rate Will Jump To A Preliminary 1.9% From 1.6% In April. Many Observers See The ECB’s Unstated Target At Around 1.8%, But The Central Bank Also Uses Its Own Internal Calculations To Measure The Inflation Rate.

 

Economists Predict That This Month’s Preliminary Core Rate Will Increase To 0.9% From 0.7% Last Month. (Continue Reading)

ECB Study On Inflation Targeting Finds Ranges Beat Hard Goals

Central Banks Can Better Control Inflation Expectations If They Use A Range For Price Growth Rather Than A Precise Goal, According To A European Central Bank Study That Could Have Implications For The Institution’s Strategic Review.

 

The Working Paper By Michael Ehrmann, Head Of The Monetary Policy Research Division And A Former Bank Of Canada Official, Looked At Inflation-Targeting Strategies In 20 Advanced And Emerging-Market Economies.

 

It Found That Defining A Band Within Which Consumer-Price Growth Is Considered Acceptable Bolsters The Central Bank’s Credibility Because It Is Less Likely To Miss The Goal. (Continue Reading - BBG)

Asian Stocks At Month High Ahead Of U.S. Jobs Data, Gold Rises

Asian Stock Markets Rose On Tuesday While Gold Flirted Near Five-Month Highs Ahead Of European And U.S. Data This Week That Will Likely Offer Clues On The Health Of The Global Economy.

The World's Recovery From The COVID-19 Pandemic Remains Patchy With Exports Reviving But Broader Economic Activity Still Dampened By New Measures To Contain Fresh Outbreaks.

 

China's Factory Activity Expanded At The Fastest Pace This Year In May As Domestic And Export Demand Picked Up, Though Sharp Rises In Raw Material Prices And Strains In Supply Chains Crimped Some Companies' Production, A Business Survey Showed On Tuesday. (Continue Reading - RTRS)

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