Eurozone retail sales rose 0.1% in April; annual growth of 2.3% surpassed expectations, indicating recovery.
The ECB stresses data-driven decisions, maintaining flexibility on rates as they near the neutral range’s lower bound.
ECB’s most hawkish member dissents, questioning rate cuts amid high savings, low investment, and monetary impact.
France’s industrial production fell 1.4% in April, missing forecasts; previous data was also revised down.
The ECB states Eurozone interest rates are now neutral, estimated between 1.75% and 2.25% range.
Eurozone interest rates hit neutral range, giving ECB flexibility to adapt policies to shifting economic conditions.
Germany’s industrial production fell 1.4% in April 2025, outpacing expectations but showing yearly improvement.
UK house prices dipped 0.4% in May; market remains stable amid affordability challenges and economic uncertainty.
Major FX option expiries on 6 June include large positions in EUR/USD, USD/JPY, and other key pairs.
Japan’s April leading index fell to 103.4, reflecting trade concerns; BOJ monitors inflation, negotiations.
Insights 
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