In the US, today’s focus is on the April PPI report following yesterday’s strong CPI reading, which showed persistent core inflationary pressure. Consensus expects PPI to rise by 0.5% m/m. The market will watch whether producer prices confirm broader price pressures and reinforce the Fed’s cautious stance.
In the euro area, the second estimate of Q1 GDP is expected to confirm weak growth after the preliminary reading showed only 0.1% q/q and 0.8% y/y. A key element of the report will be employment data, which is forecast to rise by around 0.1% q/q.

๐ฌ๐ง Will the pound recover after the BoE?
Economic calendar: Final Eurozone CPI data and U.S. jobless claims
Morning wrap๐ฝ Indices and precious metals recover losses following the Fed decision (17.09.2026)
๐Daily Summary - Hawkish Fed raises rates and signals more. Dollar gains while gold falls