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US core PCE for April 0.1% vs 0.1% estimate. Core YoY 2.5% vs 2.5% estimate

WSJ Timiraos: This month is good, but what will the impact of tariffs going forward

Forexlive European FX news wrap: Slow session as we await the US PCE release

OPEC+ may discuss an oil output hike larger than 411,000 bpd for July

Germany May preliminary CPI (HICP) +2.1% vs +2.0% y/y expected

Trump: China has totally violated its agreement with US

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

Italy April PPI +3.8% vs +3.9% y/y prior

Bavaria April CPI +2.1% vs +2.1% y/y prior

Eurozone April M3 money supply +3.9% vs +3.7% y/y expected

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

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