U.S. consumer sentiment falls to 97.1 vs. 98.1 forecast U.S. consumer sentiment falls to 97.1 vs. 98.1 forecast.
BCE: Italy’s debts to European Central Bank near €500bn Investors scrutinise eurozone imbalances as they await new government’s budge
StockMarketNews.Today – A widely watched measure of eurozone capital flows suggests that Italy’s debts to the European Central Bank are set to hit €500bn this summer, reflecting the eurozone’s persistent financial imbalances.
Bank of England nears rate decision. Britain’ economy picked up a bit of speed in May after slowing in early 2018, according to official figures that are likely to give the Bank of England more confidence about raising interest rates next month.
StockMarketNews.Today – A new monthly reading of gross domestic product showed the world’s fifth-biggest economy grew by 0.3 percent in May from April. That was up from growth of 0.2 percent in April and in line with the forecast in a Reuters poll of economists, marking the strongest growth since November, the Office for National Statistics said on Tuesday.