Dear Reader,

 

Today's overview of economic news and market action:

  • Risk averse tone to investor sentiment intensified yesterday …
  • Meanwhile, flash inflation declined in Germany, France and Italy in May …
  • Market rate hike expectations softened in the Eurozone and UK …
  • Currency-wise, the euro remained under pressure …
  • EUR/USD opens in the top half of $1.06-1.07 …
  • GBP/USD is operating above $1.24 …
  • EUR/GBP is below the 86p threshold …
  • The flash reading of Eurozone inflation is due today ..
 
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Today's Opening FX Rates
 
      % Change
      Day* End 2021
EUR/USD 1.068   -0.15 -0.21
EUR/GBP 0.8589   -0.51 -2.88
GBP/USD 1.2433   0.35 2.78
GBP/EUR 1.1637   0.51 2.97
*versus Previous Day's European Open

 
 
 
AIB Ireland Manufacturing PMI® - May
 

Irish manufacturing conditions deteriorate at sharpest pace for three years in May

 

Weighed down by sharper falls in output and new orders, Ireland’s manufacturing sector remained rooted in a downturn in May.
 
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Weekly Market Brief: 29 May - 2 June
 

Simply the Best

 

The past week saw the CSO publish the Labour Force Survey results for the opening quarter of 2023.
 
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Weekly Market View
 

A Rainbow Nation

 

The CSO published the Labour Force Survey results for the opening quarter of 2023 last week. There is not much evidence in the data of a slowdown in the Irish economy from the breakneck pace seen in 2021 and 2022.
 
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