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Next week the focus will be on Thursday when the European Central Bank (ECB) meeting is scheduled, but also the publication of the May inflation data.
“The market expects reassurance from the Frankfurt institute on the continuation of PEPP purchases at a still sustained pace, even if the ECB could justify a possible reduction in the pace with the presence of less liquidity on the markets in the summer period”, they comment the strategists of Mps Capital Services. With regard to US inflation, “in May we should see the peak of the year in terms of annual growth in consumer prices, with the figure that, according to our forecast model, should be higher than expected (4.6%) and be just under 5% ”, the experts add.