What are the main events for today?

May 2, 2025
-FXnews

In the European session, we have the final Manufacturing PMIs for a few European economies and the Eurozone Flash CPI. The data won’t change anything for the ECB so the market reaction will likely be limited. As a reminder, they said that the first deal would have been announced this week of the next.

I think everything hinges on the details of that first trade deal. The data is old news and unless we see a notable deterioration in the labour market, the central bank won’t do anything. The US Jobless Claims have been stable and yesterday’s data was skewed by one-off effects

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