08:15 AM EDT, 05/06/2024 (MT Newswires) -- The European Central Bank's (ECB) Chief Economist Philip Lane said he had more confidence toward achieving 2% inflation in light of Q1 gross domestic product (GDP) and recent inflation statistics, noted Scotiabank.

That may be contributing to a light rally in eurozone government bonds (EGB) early Monday, stated the bank.

Quite a few more ECB speakers are on tap between 7 a.m. and 7:30 a.m. ET, pointed out Scotiabank.