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Thursday, June 5, 2025

European Markets Wrap-Up: China vice president Han Zheng says US-China relations are at 'critical juncture'

China vice president Han Zheng says US-China relations are at 'critical juncture'

Mutual respect, peaceful coexistence, cooperation between US and China is in the interests of both parties and conducive to world development and peace Just a point to note that the US-China Track II... 

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One last consecutive rate cut for the road by the ECB?

The 25 bps rate cut today will bring the deposit rate back to 2.00%. And that will fit in between the estimate for the neutral rate by the central bank, which is roughly around 1.75% to 2.25%. That sa... 

What are the expectations for the ECB decision coming up later?

The ECB is widely expected to cut by 25 bps and bring the policy rate down to 2.00%. The central bank is also expected to revise its economic projections downward for growth and inflation. The market... 

Bitcoin consolidates as traders await the NFP and CPI reports

The lack of changes in the macro picture and the waiting for the key US data has caused the bullish momentum to wane recently. Growth expectations remain positive and that should keep supporting bitc... 

Eurozone April PPI -2.2% vs -1.8% m/m expected

Prior -1.6%; revised to -1.7% Looking at the breakdown, the major drag on the month is mostly due to a fall in energy prices (-7.7%). If you strip that out, euro area PPI actually was up 0.1% in April... 

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Latest Forex Orders

FX option expiries for 5 June 10am New York cut

There are quite a number to take note of on the day, as highlighted in bold . The first ones are for EUR/USD at the 1.1380, 1.1400, and 1.1425 levels. The large ones in particular hold closer to the f... 

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