MNI EUROPEAN OPEN: Tokyo CPI Continues Firm Core Trend

May-30 05:18By: Jonathan Cavenagh

Europe

EXECUTIVE SUMMARY

TRUMP’S TEAM PLOTS PLAN B FOR IMPOSING TARIFFS - WSJ
DALY SAYS FED RATES POLICY ‘IN A GOOD PLACE’ - MNI BRIEF
FED’S LOGAN - POLICY CLARITY COULD TAKE ‘QUITE SOME TIME’ - MNI
BESSENT SAYS US-CHINA TALKS ‘STALLED’, PUSHES FOR TRUMP-XI CALL - BBG
JAPAN MAY TOKYO CORE CPI RISES 3.6% VS. APRIL 3.4%
BOJ TO WATCH JGB MOVES, REVIEW TAPERING - UEDA - MNI BRIEF

Fig 1: Tokyo CPI Core Y/Y Momentum Rises Further

Source: MNI - Market News/Bloomberg/Refinitiv.

BOE (BBG): “ Bank of England Governor Andrew Bailey has urged the government to strike a deeper trade deal with the European Union to improve growth and “minimize negative effects” of Brexit.”

BOE (FT/BBG): "The current upsurge in inflation was being driven by one-time factors, including tax, administered price changes and the drag on growth from uncertainty generated by US President Donald Trump’s trade war, Bank of England MPC member Alan Taylor told the Financial Times."

BUSINESS CONFIDENCE (BBG): “A gauge of UK business confidence rose to a nine-month high, climbing back to a level not seen since soon after Prime Minister Keir Starmer first took power, as markets rebounded and trade tensions eased with the US.”

PORTUGAL (BBG): “- Portugal’s center-right leader Luis Montenegro was formally named prime minister for a second term after his ruling coalition won a snap election earlier this month.”

TARIFFS (WSJ): “The administration's tariff strategy was undermined when a court this week found it was illegal for Trump to impose sweeping duties by using emergency economic powers. A federal appeals court on Thursday allowed his duties to stay in effect while the administration's appeal moves forward, but U.S. officials are weighing their options should they need to find a new legal authority to impose the president's steep tariffs, which he argues will help rebalance trade in America's favor.”

FED (MNI BRIEF): San Francisco Fed President Mary Daly said Thursday monetary policy remains in a good place, continuing to put downward pressure on inflation while uncertainty emanates from Washington.

FED (MNI): It could take quite some time for Federal Reserve officials to gain clarity on the economic outlook, but monetary policy is well-placed to respond to heightened risks for employment and inflation related to trade policy uncertainty, Dallas Fed President Lorie Logan said Thursday.

FED (MNI BRIEF): Federal Reserve Chair Jerome Powell told U.S. President Donald Trump in a meeting Wednesday that monetary policy decisions will be based on "non-political analysis," the central bank said in a statement.

FED (MNI POLICY): Worries that the worst-case scenario for tariffs would lead to a sudden stop in U.S. economic growth are gradually fading, further reducing the case for the Federal Reserve to cut interest rates this year as uncertainty about the inflationary effects of volatile trade policies remains high.

US/CHINA (WSJ): "US Treasury Secretary Scott Bessent said trade talks with China are “a bit stalled,” and that a call between President Donald Trump and his counterpart Xi Jinping may be needed for the world’s two largest economies to reach a deal."

OTHER

JAPAN (MNI BRIEF): Tokyo’s year-on-year core inflation rate accelerated to 3.6% in May from 3.4% in April, remaining above the Bank of Japan’s 2% target for the seventh consecutive month, data from the Ministry of Internal Affairs and Communications showed on Friday.

JAPAN (MNI BRIEF): The Bank of Japan is closely monitoring developments in the JGB market, including its overall functioning, amid growing concerns over worsening supply-demand dynamics, Governor Kazuo Ueda told lawmakers Friday.

JAPAN (MNI BRIEF): Japan’s industrial production declined 0.9% month-on-month in April, marking the first drop in three months following a modest 0.2% gain in March, data from the Ministry of Economy, Trade and Industry (METI) showed Friday

MEXICO (MNI BRIEF): All members of the Central Bank of Mexico’s board highlighted economic perils linked to deepening uncertainty surrounding U.S. trade policy, according to the minutes of the latest policy meeting released Thursday.

CHINA

URBAN RENEWAL (MNI): MNI discusses Beijing's urban renewal funding options. On MNI Policy MainWire now, for more details please contact sales@marketnews.com

TRADE (SECURITIES TIMES): "China may boost its pledged supplementary lending (PSL) facility and offer interest subsidies in the second quarter to help stabilize trade amid U.S. tariff pressure, Securities Times reports, citing analysts."

IDLE LAND (ECONOMIC INFORMATION DAILY): “City level officials are accelerating idle land purchases using local government special bonds, Economic Information Daily reported. A total of 171 city governments have announced acquisition plans valued at CNY390 billion as of May 27, the China Real Estate Information Corporation said, noting a prevalence of third- and fourth-tier cities.”

LOCAL BONDS (MOFCOM): “Local governments issued a total of CNY1.5 trillion in new bonds during the first four months, including CNY302 billion in general bonds and CNY1.19 trillion in special-purpose bonds, data from the Ministry of Finance showed.”

CONSUMPTION (SHANGHAI SECURITIES NEWS): “Local officials are driving domestic demand using innovative consumption subsidies including childcare and marriage vouchers, Shanghai Securities News reported.”

CHINA MARKETS

MNI: PBOC Net Injects CNY148.6 Bln via OMO Friday

MNI (BEIJING) - The People's Bank of China (PBOC) conducted CNY291.1 billion via 7-day reverse repos, with the rate unchanged at 1.40%. The operation led to a net injection of CNY148.6 billion after offsetting the maturities of CNY142.5 billion today, according to Wind Information.

The seven-day weighted average interbank repo rate for depository institutions (DR007) fell to 1.4227% at 09:32 am local time from the close of 1.6330% on Thursday.
The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 47 on Thursday, compared with the close of 46 on Wednesday. A higher reading points to tighter liquidity condition, with 50 representing an equilibrium.

MNI: PBOC Sets Yuan Parity Lower At 7.1848 Fri; +0.76% Y/Y

MNI (BEIJING) - The People's Bank of China (PBOC) set the dollar-yuan central parity rate lower at 7.1848 on Friday, compared with 7.1907 set on Thursday. The fixing was estimated at 7.1708 by Bloomberg survey today.

MARKET DATA

NEW ZEALAND MAY ANZ CONSUMER CONFIDENCE INDEX 92.9; PRIOR 98.3
NEW ZEALAND MAY ANZ CONSUMER CONFIDENCE M/M -5.5%; PRIOR 5.5%
NEW ZEALAND APR BUILDING PERMITS M/M -15.6%; PRIOR 10.7%

AUSTRALIA APR RETAIL SALES M/M -0.1%; MEDIAN 0.3%; PRIOR 0.3%
AUSTRALIA APR BUILDING APPROVALS -5.7%: MEDIAN 3.0%; PRIOR -7.1%
AUSTRALIA APR PRIVATE CREDIT M/M 0.7%; MEDIAN 0.5%; PRIOR 0.5%

JAPAN APR JOBLESS RATE 2.5%; MEDIAN 2.5%; PRIOR 2.5%
JAPAN APR JOB-TO-APPLICANT RATIO 1.26; MEDIAN 1.26; PRIOR 1.26
JAPAN MAY TOKYO CPI Y/Y 3.4%; MEDIAN 3.4%; PRIOR 3.4%
JAPAN MAY TOKYO CPI EX FRESH FOOD Y/Y 3.6%; MEDIAN 3.5%; PRIOR 3.5%
JAPAN MAY TOKYO CPI EX FRESH FOOD, ENERGY Y/Y 3.3%; MEDIAN 3.2%; PRIOR 3.1%
JAPAN APR P IP M/M -0.9%; MEDIAN -1%; PRIOR 0.2%
JAPAN APR RETAIL SALES M/M 0.5%; MEDIAN 0.5%; PRIOR -1.2%
JAPAN APR DEPARTMENT STORE SALES Y/Y 1.5%; PRIOR 1.7%
JAPAN APR HOUSING STARTS xx

SOUTH KOREA APR IP M/M -0.9%; MEDIAN 0.5%; PRIOR 2.9%
SOUTH KOREA APR CYCLICAL LEADING INDEX 0.3; PRIOR 0.2

MARKETS

US TSYS: Asia Wrap - A Subdued Session

The TYM5 range has been 110-19+ to 110-23 during the Asia-Pacific session. It last changed hands at 110-21+, almost unchanged from the previous close.

The US 2-year yield has edged higher, dealing around 3.945%, up 0.01 from its close.
The US 10-year yield has extended higher, dealing around 4.42%, up 0.03 from its close.
(Bloomberg) - “FED'S LOGAN SAYS STIMULATIVE FISCAL POLICY COULD BOOST DEMAND, IF HIGH INF. EXPECTATIONS GET ENTRENCHED, COSTLY TO FIX, IF BALANCE OF RISK SHIFTS, FED WELL PREPARED TO RESPOND.”
Bloomberg - “ President Trump just sent out a long social media post making it clear his commitment to tariffs is as strong as ever following a court ruling that deemed the levies were illegal. That underscores that efforts to contest the measures via the courts may do more to boost uncertainty than to ameliorate the impact of the imposts, adding to pressure on the US dollar and equities.”
The 10-year has come back down to test its support, likely aided by month-end rebalancing. Yields need to hold above 4.35% to continue to build for a move higher.
Data/Events : Personal Spending, PCE, MNI Chicago PMI, U. of Mich Survey.

JGBS: 20Y Leads Rally, Ueda: BoJ To Assess JGB Tapering Program

JGB futures are stronger, +12 compared to settlement levels.

The 2-year bond auction showed mixed results today. The low price came in above expectations and an increase in the cover ratio. The auction tail, however, widened slightly compared to last month.
(MNI) The BoJ is closely monitoring developments in the JGB market, including its overall functioning, amid growing concerns over worsening supply-demand dynamics, Governor Kazuo Ueda told lawmakers Friday. The BoJ will conduct an interim assessment of its JGB tapering program at the June 16-17 policy meeting based on feedback from financial institutions and recent market conditions, he said.
Cash US tsys are slightly mixed, with a flattening bias, in today's Asia-Pac session.
Bloomberg - “President Trump just sent out a long social media post making it clear his commitment to tariffs is as strong as ever following a court ruling that deemed the levies were illegal.”
Cash JGBs are 1-4bps richer across benchmarks, with the 20-year leading. The benchmark 2-year yield is 1.2bps lower at 0.746% after today's supply.
Swap rates are 2-3bps higher. Swap spreads are wider.
On Monday, the local calendar will see Capital Spending, Company Profits/ Sales and Jibun Bank PMI Mfg.

AUSSIE BONDS: Richer & Near Bests, Tariff HLs In Focus, Q1 GDP Wednesday

ACGBs (YM +9.0 & XM +10.0) are hovering near Sydney session highs.

Cash US tsys are slightly mixed, with a flattening bias, in today's Asia-Pac session.
Bloomberg - “President Trump just sent out a long social media post making it clear his commitment to tariffs is as strong as ever following a court ruling that deemed the levies were illegal. That underscores that efforts to contest the measures via the courts may do more to boost uncertainty than to ameliorate the impact of the imposts, adding to pressure on the US dollar and equities.”
Cash ACGBs are 9bps richer, with the AU-US 10-year yield differential at -14bps.
The bills strip has bull-flattened, with pricing +2 to +10.
RBA-dated OIS pricing is 3-10bps softer across meetings today, with early 2026 leading. A 25bp rate cut in July is given a 69% probability, with a cumulative 76bps of easing priced by year-end.
On Monday, the local calendar will see Cotality Home Value, S&P Global PMI Mfg, MI Inflation and Job Advertisements data. Q1 GDP prints on Wednesday, with market consensus at +0.4% q/q 1.5% y/y.
Next week, the AOFM plans to sell A$1200mn of the 3.75% 21 April 2037 bond on Tuesday and A$800mn of the 1.50% 21 June 2031 bond on Friday.

BONDS: NZGBS: Bull-Flattener To End a Hawkish Week

NZGBs closed showing a bull-flattener, with benchmark yields just off session bests, 2-7bps lower.

Swap rates closed 4-8bps lower, with implied short-end swap spreads tighter.
Nevertheless, the week will be noted for the fact that, as Governor Hawkesby remarked, Wednesday’s policy meeting was the first vote on the direction of rates in two years—something that typically occurs at inflection points and highlights the current high level of uncertainty.
“The Reserve Bank of New Zealand needs more time to assess the impact of global trade turmoil on the local economy before deciding on the appropriate path for the Official Cash Rate, Assistant Governor Karen Silk said.” (per BBG)
Interest rate expectations across dollar-bloc economies were mixed through December 2025 over the past week, with New Zealand as the outlier. Canada and Australia saw the most significant dovish shift, with around a 10bp softening in expected year-end rate. The US rate saw a 2bp softening, while New Zealand saw a 11bp firming.
The local market will be closed on Monday for King’s Birthday.

FOREX: Asia FX Wrap - Market Wants To Be Short USD's

The BBDXY has had a range of 1213.32 - 1216.38 in the Asia-Pac session, it is currently trading around 1216. “The BOE’s Andrew Bailey urged closer EU trade ties to improve growth and “minimize negative effects” of Brexit”(BBG).“U.S. officials are weighing their options should they need to find a new legal authority to impose the president's steep tariffs, which he argues will help rebalance trade in America's favor." WSJ

EUR/USD - Asian range 1.1350 - 1.1390, Asia is currently trading 1.1350. EUR has drifted lower during the Asian session as US stock futures trade weaker. Dips should continue to find support, the demand back towards 1.1200 proved to be solid yesterday.
GBP/USD - Asian range 1.3471 - 1.3511, Asia is currently dealing around 1.3470. The GBP could not hold above the pivotal 1.3500 area for now. Look for an opportunity to buy again back towards the 13300/3400 area.
USD/CNH - Asian range 7.1812 - 7.1907, the USD/CNY fix printed 7.1848. Asia is currently dealing around 7.1870. Sellers should be found on a bounce back towards the 7.2200 area again. Andreas Steno Larsen on X : The elephant in the room. USDCNH needs to go to 6.80 at least. https://x.com/AndreasSteno/status/1926115935200440525
Cross asset : SPX -0.24%, Gold $3295, US 10-Year 4.416%, BBDXY 12166, Crude oil $60.60
Data/Events : Ger Retail Sales & CPI, Spain CPI, Italy GDP & CPI
Fig 1: GBP/USD Spot Daily Chart
Source: MNI - Market News/Bloomberg

AUD: Asia Wrap - Lower Retail Print Sees The Aud Dip

The AUD/USD has had a range of 0.6424 - 0.6453 in the Asia- Pac session, it is currently trading around 0.6430. The AUD has underperformed across the board today after some weaker data.

AUSTRALIA DATA: Retail Sales Surprise Lower, Weather May Have Influenced: Australian April retail sales were weaker than forecast, falling 0.1%m/m, against a +0.3% forecast, which was also the March outcome.
Smooth Digestion Of Mar-36 Supply But Lower Demand: The latest ACGB Mar-36 auction saw adequate demand, with the weighted average yield coming in 0.39bps through prevailing mid-yields, according to Yieldbroker, continuing the trend of firm pricing at recent ACGB auctions.
The AUD sold off on the surprise in the lower retails sales print, with the USD back under pressure the crosses still look a better way to express AUD weakness.
Expect buyers to continue to be around on dips while the support in the AUD holds, a close back below 0.6300/50 would start to challenge the newly formed uptrend. A break above 0.6550 and the move higher could begin to accelerate.
Options : Closest significant option expiries for NY cut, based on DTCC data: 0.6555(AUD389m). Upcoming Close Strikes : 0.6400(AUD 786m June 2)
AUD/JPY - Today's range 92.40 - 92.99, it is trading currently around 92.50. Price action yesterday showed the market was short, but was also very quick to re-instate positions. Range looks 92.00 - 94.00 for now, a sustained break below 91.50/92.00 needed to bring focus back to towards the lows again.
Fig 1: AUD/USD spot Daily Chart
Source: MNI - Market News/Bloomberg

JPY: Asia Wrap - Risk Drifting Lower, The JPY Benefits

The Asia-Pac USD/JPY range has been 143.44 - 144.21, Asia is currently trading around 143.90. USD/JPY has remained offered in our session as the market's focus returns to selling the USD once more as US Stocks drift lower.

(JAPAN DATA) Tokyo CPI Core Measures Continue To Firm : May Tokyo CPI saw core measures print firmer than expected. Headline rose 3.4% y/y, in line with consensus estimates, which was also the prior outcome (revised down from 3.5% originally reported).
The continued upward momentum in the core outcomes should, at face value, add to BoJ confidence around achieving its inflation target sustainably. BoJ Governor Ueda continues to hint at progress on this front, but the inflation goal has not yet been reached.
UEDA: “SET SHORT-TERM POLICY RATE TO HIT INFLATION TARGET, UNREALIZED JGB LOSSES WON'T AFFECT REVENUE" - BBG
US Stocks came under some pressure as the WSJ reports Trump is actively looking for alternative ways to impose his agenda should the appeal fail, this saw some renewed demand for safe currencies like the JPY.
The market was very quick to reinstate short USD/JPY positions overnight as the “sell America” trade gains in popularity.
The market seems very confident of a move lower in USD/JPY but with positioning quite large now the price action of the last couple of days highlights the increased risks of pullbacks. Resistance around the 146.00 area held perfectly and the JPY bulls would be quite relieved as well as vindicated by the price action. The next pivotal trigger points look to be below 140.00 on the downside and above 146.50 on the topside.
Options : Close significant option expiries for NY cut, based on DTCC data: 143.00($3.39b May 30), 140.00($2.78b May 30). Upcoming Close Strikes : 147.50($475m June 2), 147.75($476m June 3)
Fig 1 : USD/JPY Spot Daily Chart
Source: MNI - Market News/Bloomberg

NZD: Asia Wrap - NZD Holding Up, Eyes 0.6000 Again

The NZD/USD had a range of 0.5960 - 0.5990 in the Asia-Pac session, going into the London open trading around 0.5965. The NZD has consolidated in a tight range in our session. US Stocks came under some pressure as the WSJ reports Trump is actively looking for alternative ways to impose his agenda should the appeal fail.

“U.S. officials are weighing their options should they need to find a new legal authority to impose the president's steep tariffs, which he argues will help rebalance trade in America's favor." WSJ
"TRUMP TEAM MULLS STOPGAP TARIFFS UNDER TRADE ACT PROVISION, TRUMP ADMIN PLAN ALLOWS FOR TARIFFS UP TO 15% FOR 150 DAYS: WSJ" - BBG
The NZD continues to trade in a 0.5850/0.6050 range, the hawkish slant from the RBNZ has probably seen a good portion of the new shorts added last week by leveraged accounts pared back.
The support back towards 0.5800/50 has held very well, and while this continues to hold expect buyers to be around on dips. A break above 0.6050 is needed to provide the spark for the next leg higher.
Options : Closest significant option expiries for NY cut, based on DTCC data: none. Upcoming Close Strikes : 0.6100(NZD375m June 3), 0.5900(NZD401m June 4)
AUD/NZD range for the session has been 1.0760 - 1.0801, currently trading 1.0775. A top looks in place now just above 1.0900, the market will have been looking for a more dovish tone from the RBNZ this week and AUD/NZD should now see supply on bounces. The sell zone is back towards 1.0825/50 with the first target being around 1.0650.
Fig 1: NZD/USD Spot Daily Chart
Source: MNI - Market News/Bloomberg

ASIA STOCKS: Stocks Lower on Ongoing Tariff Uncertainty

Major bourses across the region fell today as uncertainty remains over tariffs. The on again off again nature of the current situation does not bode well for risk appetite and investors drove equities lower today . US Treasury Secretary Bessent described talks between China and the US as 'stalled' weighing on sentiment.

China's Hang Seng fell -1.48% today and is on track for a five day decline of -1.60%; CSI 300 is down -0.33% and -0.94% for the week, Shanghai down -0.31% yet remains just in positive territory, up +0.14% and Shenzhen is down -0.94% leaving it just +0.05% higher for the week.
The KOSPI has had a strong week on the back of a cut from the Central Bank and is up +3.8%, yet down just over 1% today.
The FTSE Malay KLCI is down moderately today and down -1.10% for the week.
The Jakarta Composite is closed today but up over +0.47% for the week.
FTSE Straits Times in Singapore is flat today and +0.85% higher today, whilst PSEi in the Philippines is lower today by -0.65% and similar levels for the week.
The NIFTY 50 has had a slow week, down just -0.15% today and -0.20% for the week.

OIL: Declines Continue In Asia Trading

Oil's overnight fall continued in the Asia trading day with WTI and Brent lower
WTI opened at US$60.94 bbl and moved steadily lower to $60.64, a fall of -0.45%.
The places WTI on course for a weekly decline of nearly -1.5% and would represent a second week in a row of similar falls.
Brent opened at US$64.11 bbl and moved steadily lower to $63.82, a fall of -0.50%
The places WTI on course for a weekly decline of nearly -1.5% also and would represent a second week in a row of similar falls.
Kazakhstan says it cannot cut oil production and hopes to increase output beyond planned levels later this year, despite its commitments to OPEC+. The country's Energy Minister stated that Kazakhstan has minimal impact on production output, and has notified OPEC of its position.
In an OPEC+ meeting this Saturday, the market expects announcements around an increase in supply by June of a further 1.3m bbl per day from July onwards.
It remains unclear why the sudden desire to increase production at a time when global growth prospects are challenged. The move no doubt will please President Trump who is determined to see lower prices.
Wildfires are threatening about 5% of Canada's crude output as a blaze in Alberta's oil sands region spreads and approaches major production sites.

Gold Gives Back Overnight Gains

Gold had a volatile nights as markets adjusted to the tariff headlines post the court ruling and has given back some of the overnight gains.
Gold opened today at $3,317.94, and traded lower throughout the day to reach $3,293.01. A fall of -0.75%
The move lower sees gold approaching the 20-day moving average of $3,288.38.
For the week gold has fallen -1.95%
The move higher was underpinned by a move lower in the USD as strategists suggested that there are plenty of alternative routes the president can take to pursue his trade agenda.
Gold ETFs have experienced a multi week period of outflows, the first in some time and the renewed uncertainty may predicate a return to buying for some investors.
Burkina Faso's industrial gold mining is set to increase this year with a project by Soleil Resources International Ltd. reaching full production and a new mine by West African Resources Ltd. starting output later this year. Production by the country's large-scale operations will increase by 4% to 55.7 tons this year, a

UP TODAY (TIMES GMT/LOCAL)

Date	GMT/Local	Impact	Country	Event
30/05/2025	0600/0800	***	SE	GDP
30/05/2025	0600/0800	**	DE	Import/Export Prices
30/05/2025	0600/0800	**	DE	Retail Sales
30/05/2025	0630/0730		GB	DMO to release FQ2 (Jul-Sep) issuance ops calendar
30/05/2025	0700/0900	***	ES	HICP (p)
30/05/2025	0700/0900	**	CH	KOF Economic Barometer
30/05/2025	0800/1000	**	EU	M3
30/05/2025	0800/1000	***	IT	GDP (f)
30/05/2025	0800/1000	***	DE	Bavaria CPI
30/05/2025	0800/1000	***	DE	North Rhine Westphalia CPI
30/05/2025	0800/1000	***	DE	Baden Wuerttemberg CPI
30/05/2025	0900/1100	***	IT	HICP (p)
30/05/2025	1000/1200	**	IT	PPI
30/05/2025	1200/1400	***	DE	HICP (p)
30/05/2025	1230/0830	**	US	WASDE Weekly Import/Export
30/05/2025	1230/0830	***	US	Personal Income and Consumption
30/05/2025	1230/0830	**	US	Advance Trade, Advance Business Inventories
30/05/2025	1230/0830	***	CA	GDP - Canadian Economic Accounts
30/05/2025	1230/0830	***	CA	Gross Domestic Product by Industry
30/05/2025	1230/0830	***	CA	CA GDP by Industry and GDP Canadian Economic Accounts Combined
30/05/2025	1342/0942	***	US	MNI Chicago PMI
30/05/2025	1400/1000	***	US	U. Mich. Survey of Consumers
30/05/2025	1400/1000	**	US	University of Michigan Surveys of Consumers Inflation Expectation
30/05/2025	1500/1100		CA	Finance Dept monthly Fiscal Monitor (expected)
30/05/2025	1700/1300	**	US	Baker Hughes Rig Count Overview - Weekly
30/05/2025	1700/1300	**	US	Baker Hughes Rig Count Overview - Weekly
30/05/2025	2045/1645		US	San Francisco Fed's Mary Daly
30/05/2025	2330/1930		US	Chicago Fed's Austan Goolsbee
31/05/2025	0130/0930	***	CN	CFLP Manufacturing PMI
31/05/2025	0130/0930	**	CN	CFLP Non-Manufacturing PMI