Swiss Producer & Import Prices YoY (Apr) Y/Y -2.0% (Prev. -2.7%)
The Swiss Producer & Import Prices showing a smaller year-over-year decline than previously suggests a slight easing in deflationary pressures, potentially indicating stabilization in pricing.
At the UK Cabinet meeting (c. 09:30BST), PM Starmer will be given the chance to "go gracefully" or face ministerial resignations, Huffington Post's Schofield reports
Iranian Parliamentary spokesperson says "One of Iran's options in the event of another attack could be 90 percent enrichment. We will review it in the parliament."
Swiss Producer & Import Prices YoY (Apr) Y/Y -2.0% (Prev. -2.7%)
UK Chief Secretary to the PM, Jones, indicates that PM Starmer could be about to announce a timetable for his resignation, according to Times' Swinford. Jones says "I'm not going to get ahead of the PM's decision"
[CALENDAR ADDITION] UK Chancellor Reeves at 11:00BST, speaking at a Global Risk Summit
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This improvement could influence the Swiss National Bank's outlook on monetary policy, with implications for rates and the broader economic environment. Market participants may react to this data by reassessing their expectations for inflation trends in Switzerland.
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