ECB’s Makhlouf: Too early to discuss end of PEPP now 0 (0)

The ECB continues to rebuff the above narrative
There is a coherent message from the ECB this week and that is as what the headline reads out to be. Policymakers have signaled that they will only look to consider any potential changes in September so until then, expect the ECB to keep the status quo.

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US MBA mortgage applications w.e. 11 June +4.2% vs -3.1% prior 0 (0)

Latest data from the Mortgage Bankers Association for the week ending 11 June 2021
– Prior -3.1%
– Market index 672.4 vs 645.4 prior
– Refinancing index 3,026.6 vs 2,869.2 prior
The prior week’s release can be found . Both purchases and refinancing activity showed a modest rebound in the past week but the trend as of late is still hinting

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Japan PM Suga reportedly to decide on Thursday on whether to lift state of emergency measures 0 (0)

Kyodo News reports
Tokyo and Osaka are among the two prefectures looking to try and keep some form of tighter restrictions to prevent another virus wave from taking over again but for now, the numbers are showing an improving situation ahead of the Olympics at least.

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