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MNI EUROPEAN MARKETS ANALYSIS: ECB Members Signal June Rate Cut

  • JGB futures are weaker and near session lows, -8 compared to the settlement levels after comments from BoJ Governor Ueda and Deputy Governor Uchida at the BoJ-IMES Conference.
  • ECB board members Lane, Cipollone and Panetta all signal that the central bank is ready to cut rates in June but will keep policy restrictive.
  • Asia markets have tacked US equities higher on Monday, as an easing in US consumer inflation expectations bolstered the case for the Federal Reserve to cut rates this year.
  • Looking ahead ECB’s Lane speaks and German Ifo survey for May prints. The US and UK are closed for holidays.

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  • JGB futures are weaker and near session lows, -8 compared to the settlement levels after comments from BoJ Governor Ueda and Deputy Governor Uchida at the BoJ-IMES Conference.
  • ECB board members Lane, Cipollone and Panetta all signal that the central bank is ready to cut rates in June but will keep policy restrictive.
  • Asia markets have tacked US equities higher on Monday, as an easing in US consumer inflation expectations bolstered the case for the Federal Reserve to cut rates this year.
  • Looking ahead ECB’s Lane speaks and German Ifo survey for May prints. The US and UK are closed for holidays.

MARKETS

Keep reading...Show less