Reply To: Traders Market Weekly: Market Dysfunction with Inflation and Supply Fragilities

#35792
Truman
Participant

Major European indices trade in the green. There are growing expectations that the European Central Bank will raise rates as early as July after policymakers de Guindos and Wunsch spoke about the possibility. Greece will increase its minimum wage on May 1. Industrial robotics company ABB reported strong Q2 results. British Prime Minister Johnson indicated that he will seek reelection.

Eurozone’s March CPI 2.4% m/m (expected 2.5%; last 0.9%); 7.4% yr/yr (expected 7.5%; last 5.9%). March Core CPI 1.2% m/m, as expected (last 0.5%); 2.9% yr/yr (expected 3.0%; last 2.7%)
France’s April Business Survey 108 (expected 105; last 107)