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The central bank confirmed that the meeting occurred, stressing that the future path of monetary policy was not discussed.
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Italy Q1 final GDP +0.3% vs 0.3% q/q prelim
- Prior +0.2%
No change to the preliminary report. Rise driven by strong investment and slight trade gains; year-on-year growth revised to 0.7%.
Projections for 2025 remain subdued amid U.S. tariff uncertainty.
This article was written by Giuseppe Dellamotta at www.forexlive.com.
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Dell shares climb after company raises full-year profit outlook on AI demand
Dell Technologies reported fiscal first-quarter earnings that missed expectations, but offered a stronger-than-expected forecast for the current quarter. -
Eurozone April M3 money supply +3.9% vs +3.7% y/y expected
- Prior +3.6%
- Loans to households Y/Y +1.9% vs +1.7% prior
- Loans to companies Y/Y +2.6% vs +2.3% prior
This is not a market moving release. The money supply growth should have been expected given the ECB easing.
This article was written by Giuseppe Dellamotta at www.forexlive.com.
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Shein’s embattled IPO signals mounting troubles for fast fashion giantShein’s embattled IPO has hit it latest roadblock after reportedly failing to receive approval from Chinese regulators.
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Bavaria April CPI +2.1% vs +2.1% y/y prior
The other German state releases around the same time:
- Hesse CPI +2.3% vs +2.3% y/y prior
- Brandenburg CPI +2.2% vs +2.2% y/y prior
- Saxony CPI +2.3% vs +2.4% y/y prior
- North Rhine Westphalia CPI +2.0% vs +1.8% y/y prior
- Baden Wuerttemberg CPI +2.2% vs +2.4% y/y prior
Not much change from the prior figures. Again, the data won’t change the ECB plans for the time being.
This article was written by Giuseppe Dellamotta at www.forexlive.com.
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Musk’s SpaceX town in Texas warns residents they may lose right to ‘continue using’ their propertyStarbase was officially formed earlier this month after Elon Musk’s aerospace and defense contractor prevailed in a local election.
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American Eagle issues downbeat quarterly guidance as earnings miss expectations
AEO reported quarterly earnings that missed expectations, reflecting a $75 million merchandise write-down, following the company pulling its full-year guidance. -
SEC drops Binance lawsuit, ending one of last remaining crypto enforcement actions
The SEC has formally dropped its lawsuit against Binance and founder Changpeng Zhao, ending one of the last crypto enforcement actions by the agency. -
Caviar and privacy: Airlines’ business-class wars are hereAmerican and United are revamping their international business class
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