1 Attachment(s) Germany's strong economy is in the spotlight again today, together with the monthly update of the Gfk Consumer Climate Index.

Later, we will see the April report on US existing home sales. Meantime, keep a watch on the plan delicate two-year yield, which has been remarkably quiescent recently in light of expectations for a rate hike by the Fed the following month month.

Germany: Gfk Consumer Climate Index (0600 GMT) Yesterday's update on sentiment info in May for Europe's largest economy sent stronger-than-anticipated news. Is a sign the outlook for economic development that is German warrants to be revised up?

The issue resonates in the wake of Monday's launch of the Finance Ministry's monthly report, which predicted that the firmer macro trend in this year's first-quarter would slow a bit for the remaining year. But Tuesday's up-beat study figures suggest otherwise.

The flash information for the Germany PMI Composite Index in May perked up to 57.3, reflecting a healthy growth rate for nation.

The improve “signalled no let up in German economic progress, together with the headline output index achieving its highest level in over six years”, mentioned an IHS Markit economist.

Meantime, the Ifo Business Climate Index rose more than anticipated in May, touching a record-high. “The feeling among German company was euphoric in May,” the president of the Ifo Institute mentioned.

The bullish information indicates that today's report on consumer sentiment will echo the optimistic outlook.

Econoday.com's consensus forecast sees the Gfk Consumer Climate Index ticking up to 10.3 for what is called the June forecast.

That's only a fractional enhancement from May's 10.2, but if the prediction is right the benchmark will attain its highest level since 2001.