European Rates and Economics Daily

Global markets are rallying on reports of a tentative US-Iran peace deal, while the RBNZ signals further rate hikes. Investors are focused on upcoming Eurozone inflation data and Canadian GDP figures.

Key Takeaways

• 1.A tentative peace deal between the US and Iran is reportedly pending approval, causing oil prices to slip and Asian equities to rally.
• 2.The Reserve Bank of New Zealand (RBNZ) has adopted a more hawkish stance, suggesting interest rates will rise 'sooner and higher'.
• 3.Euro area flash inflation is expected to rise to 3.6% y/y in May, driven primarily by energy-related base effects.

Table of Contents

• Overnight news
• Data and events
• What to Watch For
• Data and Events Calendar
• RBC RV Quadrant

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