The easing of tensions in the Middle East is allowing investors to shift their focus back to macroeconomic data from major economies. However, the beginning of the week is not overly packed in this regard, and today’s most crucial data releases are already behind us.
Macroeconomic Data
Monday
- German factory orders disappointed heavily, recording a deep decline of 3.8% month-on-month in April. This is yet another data point that does not inspire optimism regarding economic growth within the common bloc.
- The ECB interest rate decision and President Christine Lagarde’s press conference are scheduled for Thursday. If she highlights economic bottlenecks, the euro could come under pressure.
- According to a survey conducted by the New York Fed, one-year inflation expectations in the United States fell slightly from 3.6% to 3.5%. However, markets are already…
