French Inflation Rate YoY Prel (Apr) Y/Y 2.2% (Prev. 1.7%)
The preliminary April inflation rate in France has printed at 2.2%, significantly up from the previous 1.7%, primarily driven by a sharp rise in energy prices.
Spanish GDP Growth Rate QoQ Flash (Q1) Q/Q 0.6% vs. Exp. 0.5% (Prev. 0.8%)
Fire at Russia's Tuapse oil refinery has been extinguished, regional Governor says
French Inflation Rate YoY Prel (Apr) Y/Y 2.2% (Prev. 1.7%)
Prices of NVIDIA (NVDA) B300 server (key for AI) almost doubled in China to USD 1mln amid US curbs tightening supplies, sources suggest
[MARKET UPDATE] Equity futures see a modest uptick as crude pulls back from highs; fixed income off worst levels and DXY pulls back; News flow has been quiet in recent trade but price action seemingly a function of energy
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- Insee "The increase in inflation should again be driven by the sharp acceleration in energy prices (+14.2% over a year after +7.4% in March), in particular those of petroleum products."
This acceleration in inflation may prompt discussions around monetary policy tightening within the ECB, especially as it aligns with broader inflationary pressures in the Eurozone.
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