Reply To: Traders Market Weekly: Bear Jitters as Risk Factors Deepen

#36945
TradersCom
Keymaster

Eurozone’s April CPI 0.6% m/m, as expected (last 2.4%); 7.4% yr/yr (expected 7.5%; last 7.5%). April Core CPI 1.0% m/m (expected 1.1%; last 1.1%); 3.5% yr/yr, as expected (last 3.0%)
U.K.’s April CPI 2.5% m/m (expected 2.6%; last 1.1%); 9.0% yr/yr (expected 9.1%; last 7.0%). April Core CPI 0.7% m/m (expected 0.8%; last 0.9%); 6.2% yr/yr, as expected (last 5.7%). April Input PPI 1.1% m/m, as expected (last 4.6%) and Output PPI 2.3% m/m (expected 1.0%; last 1.9%)
The U.K. may bring forward the income tax cut that is being planned for next year.
European Central Bank policymaker Rehn cautioned against feeding a change to inflation expectations, repeating his expectations for an initial rate hike this summer.
The U.K.’s CPI remained above target for the ninth consecutive month in April.
Finland and Sweden officially applied for NATO accession.