EU Inflation Rate YoY Flash (Apr) Y/Y 3.0% vs. Exp. 2.9% (Prev. 2.6%); Services 3.0% (prev. 3.2%)
The EU inflation rate for April came in slightly above expectations at 3.0%, compared to the anticipated 2.9% and a prior reading of 2.6%.
[MARKET ANALYSIS] European bourses broadly lower into ECB and BoE; META -7.9% pre-market on spending woes
Pakistan's Foreign Ministry says channels of dialogue with officials in Washington and Tehran remain open, Al Hadath reports
EU Inflation Rate YoY Flash (Apr) Y/Y 3.0% vs. Exp. 2.9% (Prev. 2.6%); Services 3.0% (prev. 3.2%)
California gasoline price tops USD 6/gallon for first time since 2023, Bloomberg reports
[ANALYSIS] Iranian War Day 62: US prepares strike options as blockade pressure peaks
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This uptick may reinforce the ECB's cautious approach towards monetary policy, as the higher inflation print could impact future interest rate decisions, while the services sector inflation slightly declined to 3.0%, indicating a potential easing in price pressures in that area.
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