The Bottom Line

UniCredit expects a 25bp rate hike from the ECB next week and rising US inflation driven by energy costs. Meanwhile, OPEC+ meetings and Bank of Canada policy decisions remain focal points for market participants.

Key Takeaways

• 1.The ECB is expected to raise interest rates by 25 basis points on 11 June.
• 2.US headline CPI is projected to rise to 4.1% year-on-year in May, driven primarily by petrol prices.
• 3.OPEC+ is expected to continue incremental output increases, but supply chain issues make the market impact limited.

Table of Contents

• The Bottom Line
• ECB set to hike
• TOP STORIES OF THE UPCOMING WEEK
• OPEC+: output increases likely to remain largely symbolic
• Bank of Canada on hold with focus still on inflation and growth
• QUOTE OF THE WEEK
• WHAT WE ARE READING AND LISTENING TO
• DATA AND EVENTS CALENDAR
• FORECAST TABLES
• IN CASE YOU MISSED IT THIS WEEK
• Authors
• Editors

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