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ECB Q1 2025 negotiated wage indicator +2.38% vs +4.12% in Q4 2024

ECB’s Rehn: June cut ‘appropriate’ if data confirm stabilisation of inflation

France May consumer confidence 88 vs 93 expected

ECB’s Stournaras: I see a June rate cut and then pause

UK April retail sales +1.2% vs +0.2% m/m expected

Germany Q1 final GDP 0.4% vs 0.2% q/q expected

What are the main events for today?

Japan PM Ishiba: No change to our stance on U.S. tariffs

ForexLive Asia-Pacific FX news wrap: Japan core CPI rising fastest in two years

Trump pushes EU to cut tariffs or face extra duties – FT

Iran’s Foreign Minister lays down conditions for a deal with the US ahead of weekend talks

China Council for Promotion of International Trade president met with JP Morgan CEO Dimon