The next EU-UK summit could be postponed until July at the earliest (vs initial June date), Bloomberg reports citing sources; citing the prospect that substantial deals won’t be agreed in time
German Ifo Business Climate (May) 84.9 vs. Exp. 84.2 (Prev. 84.4, Low. 83, High. 85.9)
German Ifo Current Conditions (May) 86.1 vs. Exp. 85.1 (Prev. 85.4, Low. 84.5, High. 86.2)
The next EU-UK summit could be postponed until July at the earliest (vs initial June date), Bloomberg reports citing sources; citing the prospect that substantial deals won’t be agreed in time
China refined fuel exports (ex Hong-Kong) expected to rise slightly from May-June to around 550k MT, according to Reuters sources
German Foreign Minister says defence spending will reach more than 4% of GDP in 2026 and on the way to 5%
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