UK: CPI likely unchanged at 2.7% y/y – Danske Bank

In the UK, CPI inflation data for May is released and analysts at Danske Bank are looking for an unchanged print at 2.7% y/y.

Key Quotes

“Higher inflation is the main reason why real wage growth has turned negative, which has slowed the economy. However, focus these days is mainly on the political uncertainty.”

“In Germany, we expect ZEW expectations rose slightly to 21.1 from 20.6.”

“In the US, NFIB small business optimism for May is due out, and consensus expects it to remain basically unchanged but we think it may decline, as Trump is having a hard time delivering on his economic promises (tax reform and deregulation).”