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LearningUS Factory Orders MM * (Apr) 0.4% vs. Exp. 0.8% (Prev. 0.9%, Rev. 0.4%)

ECB's Nagel says several more rate hikes are needed; not certain that rate hikes will peak this summer Peak rater must be held until there is no doubt that inflation is returning to 2% in the near-future. Underlying price pressures are too high and show no signs of abating. Cautiously optimistic over German growth prospects this year. sUS ISM N-Mfg Price Paid Idx (May) 56.2 (Prev. 59.6)

Darren Krett

Monday 5 June 2023

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US Factory Orders MM * (Apr) 0.4% vs. Exp. 0.8% (Prev. 0.9%, Rev. 0.4%)

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