DAVY VIEW

The European Central Bank (ECB) is widely expected to cut interest rates again this week. This would bring the deposit rate to 2% just one year after it was 4% as its easing cycle began, and a further cut this year is also priced in. Irish national accounts for Q1 will likely confirm a very strong increase in exports, driven by front-loading of US tariffs. May exchequer returns and US payrolls will also be published this week.