Italian S&P Global Services PMI (May) 49.4 vs. Exp. 49.1 (Prev. 49.8)

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French S&P Global Composite PMI Final (May) 44.9 vs. Exp. 43.5 (Prev. 47.6)

French S&P Global Services PMI Final (May) 44.3 vs. Exp. 42.9 (Prev. 46.5)

Italian S&P Global Services PMI (May) 49.4 vs. Exp. 49.1 (Prev. 49.8)

Japanese PM Takaichi says she is prepared to take appropriate measures in the FX market at any time if needed; says Japan is to deepen international cooperation including with the US on FX

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  • "The Italian private sector continued to rely on the manufacturing boost brought on by panic-driven stockpiling to avoid a contraction in May"
  • "We can see that the services economy is struggling in the face external challenges, contributing to dampened demand, particularly from domestic customers." 
  • Middle East conflict "impact on inflationary pressures has been significant, and we are yet to know if  the prices have reached their peak."

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