Italian CPI (Monthly) (April) Final
Euro GDP (year-on-year) (first quarter) – estimate 2nd
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Euro GDP (quarterly) (first quarter) – 2nd estimate
Industrial balance of the euro (March)
Underlying CPI of the euro (year-on-year) (April) Final
Eurozone CPI (Monthly) (April) Final
Euro CPI (year-on-year) (April) Final
French-produced PMI (May) Prelim
PMI French Services (May) Prelim
German manufacturing PMI (May) Prelim
German Services PMI (May) Prelim
Euro production PMI (May) Prelim
Markit composite PMI for euro (May) Prelim
PMI of euro domains (May) Prelim
It is a bullish weekend for the major Europeans on Friday, with the DAX30 and CAC40 managing to oppose the losses at the beginning of the week.
The CAC40 and DAX30 rose 1. 54% and 1. 43% respectively, and the EuroStoxx600 ended the day with a 1. 19% increase.
There were no eurozone primary statistics to target the primaries at the end of the week.
Market optimism for a strong economic recovery has returned when EU member states refocused their borders for the summer.
In the United States, while retail sales figures disappointed in April, record consumer savings rates also indicated a marked recovery in on-the-road consumption, accompanied by new Fed guarantees that the policy would remain unchanged in the short term. that supported the call for riskiesr assets.
Economic knowledge was limited to inflation figures completed in April in Spain, which had a moderate effect on the largest.
It’s a more active day on the economic calendar on Friday, retail sales, customer confidence and commercial production figures were the main concerns.
It’s a combined bag on the front of knowledge.
Consumer confidence weakened in May. According to initial figures, Michigan’s consumer sentiment index increased from 88. 3 to 82. 8 and the consumer expectations rate increased from 82. 7 to 77. 6.
Retail sales stagnated in April, after 10. 7% in March. Basic retail sales fell by 0. 8% after a 9% increase in March.
While the numbers were disappointing, an upward trend in the savings rate in the United States suggests a sharp recovery in spending in the coming months.
This has dispelled market considerations about a imaginable fit of bag laces over the summer. According to the Bea, the non-public savings rate jumped to 27. 6% in March.
The industrial production building rebounded in April. After a 2. 4% build-up in March, production increased to 0. 7% year-on-month. Year after year, production increased by 16. 49%.
For the DAX: Friday is a bullish day for the automotive industry. BMW and Daimler rose 2. 83% and 2. 71% respectively. Continental and Volkswagen did not stay behind, ending the day with gains of 2. 41% and 2. 59% respectively.
It was also a bullish day for banks. Deutsche Bank rose 1. 93% and Commerzbank rose 3. 65%.
On the CAC side, it was a bullish day for banks. BNP Paribas and Soc Gen finished the day with a 1. 75% and 1. 56% increase respectively. Crédit Agricole rose 0. 76% more modestly in the day.
It was also a bullish day for the French automotive sector. Stelantis NV rose 1. 41% and Renault rose 3. 26%.
Air France-KLM and Airbus SE recorded forged profits of 3. 64% and 3. 72%, respectively.
It’s a consecutive day in red for the VIX on Friday.
After a 16. 17% drop on Thursday, the VIX slid by 18. 68% to end the day at 18. 81.
The NASDAQ rebounded 2. 32%, the Dow and the S
It’s a quiet day on the European economic calendar. Inflation figures are expected to be completed by April in Italy.
We don’t expect the numbers to have a significant effect on the major ones.
However, from the United States, NY Empire State Manufacturing figures for May will be generated later in the day.
Prior to European opening, investments in assets, commercial production and retail sales in China will set the tone.
In futures markets, at the time of writing, the Dow Mini dropped 23 points.
For a review of all today’s economic events, check out our economic calendar.