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Majority of UK firms see no material impact from US trade policy changes – BOE survey

Eurozone April PPI -2.2% vs -1.8% m/m expected

Germany May construction PMI 44.4 vs 45.1 prior

Italy April retail sales +0.7% vs +0.2% expected

Crude oil unbothered by the Saudi Arabia push for faster production increases

US reportedly showing flexibility on lowering additional reciprocal tariffs with Japan

What are the main events for today?

Switzerland May seasonally adjusted unemployment rate 2.9% vs 2.8% expected

European indices little changed to kick start the new day

Germany April industrial orders +0.6% vs -1.0% m/m expected

Eurostoxx futures -0.1% in early European trading

Japan to offer a package on China in tariff talks with the US – Nikkei