German Import Prices MoM (Mar) M/M 3.6% vs. Exp. 3.3% (Prev. 0.3%)

The German import prices data indicates a month-on-month increase of 3.6%, surpassing expectations of 3.3% and significantly higher than the prior print of 0.3%.

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Unilever (ULVR LN) Q1 2026 Trading Statement: Underlying Sales +3.8% (exp. 3.7%); FY26 outlook unchanged with USG at lower end of 4-6% and modest margin improvement expected

Glencore (GLEN LN) Q1 Production Report: Maintains FY production guidance; Copper production 199.6kt (prev. 167.9kt Y/Y), Cobalt 5.8kt (prev. 9.5kt Y/Y), Zinc 176.9kt (prev. 213.6kt Y/Y), Nickel 17.2kt (prev. 18.8kt Y/Y), Gold 68koz (prev. 145koz Y/Y)

German Import Prices MoM (Mar) M/M 3.6% vs. Exp. 3.3% (Prev. 0.3%)

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This stronger-than-expected performance suggests rising inflationary pressures that could influence the ECB's monetary policy stance, potentially supporting a more hawkish outlook as they assess the growth-inflation dynamic going forward.

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