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ING

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ING is a global bank with a strong European base.
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May RBNZ Preview: Not Enough Reasons to Turn Dovish

The Reserve Bank of New Zealand has little room to shift to a less hawkish stance as non-tradeable inflation remained too hot in the first quarter, despite a domestic recession and loosening jobs market. We think rate projections will still signal no rate cuts in 2024, but we don’t rule out some easing in the fourth quarter .

Asia Week Ahead: Regional PMI Figures Plus Two Central Bank Meetings

Next week features regional PMI readings and inflation from Singapore.

The Commodities Feed: IEA Sees Weaker Demand

Oil prices have edged higher despite the IEA revising lower its global demand growth forecasts. Instead, US macro data has provided support to the oil market.

Dutch GDP Growth Contracts, But Underlying Developments Seem Positive

The Dutch economy contracted by 0.1 % in the first quarter of 2024 thanks to increased inventories, contracting exports and a negative statistical discrepancy.

Slow Disinflation, low Volatility

Today's PPI and tomorrow's CPI figures will tell us whether the US has made further steps in the disinflation process, or if prices remain too sticky for the Federal Reserve to cut.

Iraqi Oil Supply Cut Uncertainty

Oil prices have continued to come under pressure after comments from Iraq raised doubts over a rollover of OPEC+ supply cuts. Meanwhile, LME warehouses saw…

The Commodities Feed: US Crude Inventories Edge Lower

Oil prices recovered in the latter part of yesterday's trading session due to US inventory declines…

Sweden's Riksbank Cuts Rates Amid Mounting Economic Woes

The Riksbank has cut rates for the first time but is treading carefully amid ongoing concerns about the risk of a weaker currency. However, with Sweden's interest rate-sensitive economy coming under greater pressure, further rate cuts look inevitable.

European Gas Rallies Despite Bearish Outlook

European natural gas prices have strengthened over the last month because of slower storage builds. However, the outlook remains bearish. We are more constructive on the US natural gas market as supply growth is flat and demand is growing.

FX Daily: Falling Volatility Restores Interest in Carry Trade

Cross-market volatility is falling again. This looks largely down to Friday's benign US jobs release and a relatively quiet US data calendar this week...

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