Weekly Focus – Reopening Lifts Spirits, US-China Tensions Increase

<p>This week we got some encouraging data releases . In Germany, the May labour market report showed a further increase in the unemployment rate to 6.3% from 5.8% in April. Still, the employment losses remain relatively contained, as Kurzarbeit is cushioning the labour market crisis. PMI and IFO point to improving employment expectations in May, […]</p>
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