Market Comment | Markets continue warming up to the idea of a Fed hike in June

Summary

The euro zone composite PMI dropped unexpectedly in May (by 0.1 points to 52.9; consensus: 53.2) due to a slight decrease in the industrial sector, weighed down by both weak global demand and European uncertainty. Meanwhile service sector expectations remained stable. Taking into account the PMI data, our model forecasts 0.3% QoQ GDP growth in […]

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