*In the UK, the Consumer Price Index (CPI) for April, which was announced today, exceeded the expectations and increased by 1.2% monthly and 8.7% annually. Data were expected to increase by 0.8% and 8.2%, respectively. The previous data showed an increase of 0.8% monthly and 10.1% annually. Core CPI, on the other hand, rose 1.3% month-on-month, rising to 6.8% year-on-year from 6.2%. In his speech after the inflation rates, Bank of England (BOE) Governor Bailey said that inflation decreased from 2-digit figures, inflation expectations came down and they were watching the data for the future interest rate decision.

* In Germany, the IFO Business World Index for May, announced today, decreased from 93.6 to 91.7. In the evaluation made by IFO after the data, it was stated that there was a strong collapse in the expectations in the industry, there may be a serious decrease in new orders, the expectations for industrial exports fell significantly, the interest rate hikes reduced the demand and the economy was heading towards stagflation.

*Tonight at 21:00, the minutes of the meeting held on May 3 by the FED, which increased the interest rate by 25 basis points to 5.25%, will be announced. It was also stated at this meeting that the balance sheet would be reduced as planned, inflation was high, and the banking system was robust and resilient.

Agenda of the day;
17:30 US Crude Oil Stocks
20:45 Speech by ECB President Lagarde
21:00 US FOMC Meeting Minutes