Commerzbank argues SNB lacks durable tools to weaken franc; only massive interventions risk reserves and US backlash.
Silver dips to $74.30; descending channel, bearish bias persists below key EMAs; support $61, $47; resistance $79.
ECB forecasters see Eurozone inflation averaging 2.7% in 2026, easing to 2% by 2028; EUR/USD slips.
Euro area GDP barely grew; inflation rose on energy, core eased; ECB eyes expectations, plans June-September hikes.
Turkey’s exports climbed to $25.4bn in April from $21.9bn, marking a $3.5bn increase overall.
HCOB Eurozone Manufacturing PMI came in at 52.2 in April, matching forecasts and signaling steady factory activity.
Greece’s manufacturing PMI fell to 52.4 in April from 54.5, signaling slower growth despite expansion.
WTI nears $100 as Trump pledges naval help; Iran keeps Hormuz shut, despite OPEC+ output hike.
Germany’s April HCOB Manufacturing PMI rose to 51.4, slightly beating forecasts of 51.2.
Turkey’s consumer price index rose 4.18% month-on-month in April, exceeding the 3.28% forecast by 0.90 points.
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