Release of the Eurozone’s May producer price index (monthly rate): 0.3%

Germany's May PPI rose 0.3% MoM, missing the 0.7% forecast and down from 1.2%, signaling easing inflation and boosting Eurozone easing expectations.

Germany’s monthly producer price index for May came in at 0.3%, lower than the expected 0.7% and the previous figure of 1.2%. This significant decline below expectations indicates further easing of inflationary pressures, boosting market expectations for more accommodative policies in the Eurozone.