EUR/BBD Price & Performance (EURBBD)

Italy's government is set to introduce a groundbreaking industrial strategy in June, aiming to integrate its automotive, defense, and aerospace industries. The initiative seeks to boost manufacturing and component production, particularly as domestic vehicle output declines. This marks Italy's first such strategy in three decades, emphasizing growth through sector collaboration.1

The U.S. Dollar Index slipped as consumer sentiment data fell short of expectations. This marks a reversal following two days of gains, with the index revisiting the 103.80 range. The softer sentiment reflects broader economic uncertainty, including the ongoing tariff disputes and potential impacts on global trade.2

Russia and Ukraine exchanged intense aerial strikes over the weekend, with significant damages reported in multiple regions. Despite a proposed U.S.-led ceasefire, Moscow continues its operations, citing unmet conditions. Both sides have sustained casualties, and the conflict shows no signs of immediate resolution.34