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Friday, May 30, 2025

European Markets Wrap-Up: The Fed's preferred inflation measure is expected to show another improvement in April

The Fed's preferred inflation measure is expected to show another improvement in April

Today at 08:30 ET/12:30 GMT, we get the US April PCE price index data which is the Fed's preferred inflation measure. This isn't generally a strong market moving release because the data is old news g... 

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Italy April PPI +2.6% vs +3.9% y/y prior

Prior +3.9% PPI M/M -2.2% vs -2.4% prior This is a low tier indicator and also quite lagging, therefore never a market moving release.... 

Italy May preliminary CPI (HICP) +1.9% vs +1.9% y/y expected

Prior +2.0% CPI (HICP) M/M +0.1% vs +0.0% expected Prior +0.4% The data is in line with expectations and won't change the ECB plans for the time being.... 

ECB's Panetta: Reduced room to cut rates further, but macro outlook remains weak

Reduced room to cut rates further, but macro outlook remains weak and trade tensions could worsen it. Future rate decisions need to be assessed on case by case basis, weighing data, inflation and grow... 

Italy Q1 final GDP +0.3% vs 0.3% q/q prelim

Prior +0.2% No change to the preliminary report. Rise driven by strong investment and slight trade gains; year-on-year growth revised to 0.7%. Projections for 2025 remain subdued amid U.S. tariff unc... 

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FX option expiries for 30 May 10am New York cut

EUR/USD 1.1500 (EUR 1.10bn) 1.1475 (EUR 979mn) 1.1340 (EUR 810mn) 1.1250 (EUR 974mn) USD/JPY 143.00 (US$ 3.30bn) 140.00 (US$ 2.38bn) GBP/USD 1.3455 (GBP 390mn) USD/CHF 0.8325 (CHF 448mn) 0.8225 (CHF 4... 

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