This report highlights an expected uptick in eurozone growth signals, alongside a hawkish shift in Federal Reserve policy expectations. It also forecasts a shift in Hungarian central bank policy and provides updates on US and eurozone financial indicators.
Key Takeaways
- 1.Eurozone PMIs are expected to show improvement due to easing energy prices and uncertainty.
- 2.US core PCE inflation is forecasted to accelerate, prompting a hawkish stance from the Fed.
- 3.The NBH is expected to initiate a rate-cutting cycle despite regional peer divergence.
Table of Contents
- TOP STORIES OF THE UPCOMING WEEK
- VIEW UPDATE: NEW UST AND USD FORECASTS; REVISED BTP-BUND SPREAD
- WHAT WE ARE READING
- DATA AND EVENTS CALENDAR
- FORECAST TABLES
- IN CASE YOU MISSED IT THIS WEEK
- Authors
- Editors
- UniCredit S.p.A.
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Authors
Tullia BuccoEszter GárgyánMauro Giorgio MarranoRoberto MialichAndreas ReesChristian StockerMarco Valli
Securities
SXXP2Y US Treasury
Themes
Inflationary pressureGeopolitical impact on energy
Regions
EuropeUnited StatesChinaHungary