_________

GERMAN UNEMPLOYMENT MAY 2023 FULL REPORT https://www.destatis.de/EN/Press/2023/05/PE23_208_132.html

_________

GERMAN UNEMPLOYMENT CHANGE (MAY) ACTUAL: 9.0K VS 24.0K PREVIOUS; EST 13.5K

_________

⚠️ BREAKING: GERMAN UNEMPLOYMENT CHANGE SA ACTUAL 9K (FORECAST 13.5K, PREVIOUS 24K) $MACRO

_________

GERMAN UNEMPLOYMENT TOTAL SA ACTUAL 2.573M (FORECAST -, PREVIOUS 2.567M) $MACRO

_________

GERMAN UNEMPLOYMENT TOTAL NSA ACTUAL 2.544M (FORECAST -, PREVIOUS 2.586M) $MACRO

_________

GERMAN UNEMPLOYMENT RATE ACTUAL 5.6% (FORECAST 5.6%, PREVIOUS 5.6%) $MACRO

_________

VOLKSWAGEN'S BRANDSTAETTER ON CHINA MARKET POSITIONING: WE WILL NOT PARTICIPATE IN DISCOUNT BATTLE AT ANY PRICE

_________

ECB'S VILLEROY: INTEREST RATE HIKES ARE OVERALL A BENEFIT TO FRENCH AND EUROPEAN BANKS.

_________

CURRENCY STRENGTH CHART: STRONGEST - JPY, WEAKEST - NZD.

_________

TURKEY (Q1) GDP (YOY) ACTUAL: 4% VS 3.5% PREVIOUS;EST 3.5%

_________

TURKEY (Q1) GDP SA/WDA (QOQ) ACTUAL: 0.3% VS 0.9% PREVIOUS;EST 0.5%

_________

ECB'S MULLER: IT IS PROBABLY TOO OPTIMISTIC TO SEE THE ECB RATE CUT IN EARLY 2024.

_________

ECB'S MULLER: FISCAL POLICY IS BOOSTING INFLATION, MAKING THE ECB'S JOB TRICKY.

_________

ECB'S MULLER: CORE INFLATION SHOWS NO SIGNS OF SLOWING YET.

_________

ECB'S MULLER: IT IS VERY LIKELY THAT THE ECB WILL HIKE BY 25 BPS MORE THAN ONCE.

_________

TRADERS PARE BETS ON ECB HIKES, NO LONGER SEEING 50BPS THIS YEAR.

_________

FRENCH GDP Q1 2023 FULL REPORT https://www.insee.fr/en/statistiques/7627294?sommaire=7615420#consulter-sommaire

_________

FRENCH CONSUMER SPENDING MOM ACTUAL -1% (FORECAST 0.3%, PREVIOUS -1.3%) $MACRO

_________

FRENCH CPI MOM NSA PRELIM ACTUAL -0.1% (FORECAST 0.3%, PREVIOUS 0.6%) $MACRO

_________

FRANCE (Q1) GDP (YOY) ACTUAL: 0.9% VS 0.8% PREVIOUS;EST 0.8%