Is the U.S. Treasury auction triggering a disaster of 'triple kill' in stocks, bonds, and currencies? Wall Street is afraid of much more than just this!
① For Wall Street, this Wednesday undoubtedly faced another "triple kill" trading day of stocks, bonds, and currencies; ② and amid the cries of significant losses, U.S. Treasuries undoubtedly became the "eye of the storm" in the entire financial market...
European Central Bank meeting minutes: The process of combating inflation is nearing its end.
Gelonghui, May 22 | The minutes of the European Central Bank meeting show that ECB policymakers stated last month that inflation in the euro area is almost under control. Even though trade routes may further trigger inflation, trade tensions could suppress prices in the short term. The ECB cut interest rates for the seventh time in a year last month and warned that economic growth would be severely impacted by U.S. tariffs, increasing bets on further easing of policies in the coming months. In the minutes, the ECB stated: "Committee members expressed increased confidence that inflation will return to target levels in the medium term, and the struggle against inflation shocks is nearing its end. Therefore, anti-inflationary forces are quite..."
The Eurozone's PMI unexpectedly contracted in May, with the service sector recording its worst performance in 16 months.
In May, the Eurozone composite PMI fell from 50.4 in April to 49.5, with the service sector performance dropping to its worst level in 16 months, while a slight improvement in manufacturing was offset by the decline in services. Economic activity in France has contracted for nine consecutive months, and both German and French service sector activities have experienced a downturn.
Calls for a pause in interest rate cuts are growing! The impact of tariffs may disrupt the European Central Bank's easing pace.
Due to the time effect of tariff impact, the economic outlook that the European Central Bank must address differs in the short term and long term, making the necessity of interest rate cuts after June increasingly uncertain.
Express News | ECB Governing Council member Vujcic: The inflation rate is slowly approaching the 2% target.
In May, the PMI of the eurozone fell below the critical line, and the "economic engines" of Germany and France both slowed down.
Data released by S&P Global on Thursday showed that the Eurozone Composite Purchasing Managers' Index (PMI) fell from 50.4 in April to 49.5 in May, dipping below the neutral line of 50. Analysts had previously expected the index to rise slightly to 50.6.