PREVIOUS TRADING DAY EVENTS 22 May 2023

Announcements  

Only a few days left until the 1st of June and still no debt deal. 

Biden returned from his trip and resumed talks on Monday with the House Speaker, Kevin McCarthy. Despite the talks, no deal was reached about the debt limit. Treasury Secretary Janet Yellen had previously warned that its highly likely her department would run out of sufficient cash in early June and that default could come as soon as June 1st.

The tone tonight was better than any other time we have had discussions, McCarthy told reporters as he emerged from his meeting with the president. The two leaders, he said, had a productive discussion. We dont have an agreement yet.

Source

httpswww.bloomberg.comnewsarticles20230522bidenmccarthymeetondebtlimitasyellensayscashisrunningout?srndpremiumeurope

The Flash Consumer Confidence Indicator for the EU and Euro area shows a 17 figure as estimated and so remains below 0 without improving. No significant impact at the time of the release.

The Survey involves about 2,300 consumers in Eurozone countries which asks respondents to rate the relative level of past and future economic conditions. This months Flash CCI is calculated by taking into account data from 25 EU countries all except Ireland and Romania, covering 97 EU and 98 Euro area of the total private final consumption expenditure.

In May 2023, the flash estimate of the consumer confidence indicator improved further in the EU 0.6 percentage…