Daily Market Overview

The KBC Daily Market Overview reports on higher-than-expected EMU inflation data driving expectations for consecutive ECB rate hikes while oil prices moderate on shifting Middle East headlines.

Key Takeaways

• 1.EMU May inflation (3.2% Y/Y) came in higher than expected, strengthening the case for ECB 25 bps rate hikes in June and September.
• 2.Oil prices and bond yields eased slightly as geopolitical tensions in the Middle East saw tentative moderation following remarks from President Trump.
• 3.The Euro's international status rose in 2025, with international debt issuance reaching nearly €1tn, though gold reserves increasingly challenge US Treasuries.

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