The euro is low but relatively stable this morning, as fears over the Italian economy in particular continue to put on pressure. Reaction to the Italian yearly GDP figures, coming in at -0.1% – rather than the 0.1% expected – will likely cause further volatility. With fears of a snap election also rising in Italy, there’s a lot of uncertainty on the horizon.
Later today, we will see German inflation rate figures for May, expected to show a slight rise. Otherwise, it will be a quiet day for releases, and the markets will be looking ahead to Eurozone and German manufacturing PMI for May, released on Monday.
