French prelim. HICP (Apr): 2.5% Y/Y vs exp. 2.3% (prev. 2.0%); 1.2% M/M vs exp. 0.9% (prev. 1.1%)
The preliminary French HICP print shows a year-on-year increase of 2.5%, exceeding expectations and indicating rising inflation pressures.
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 prelim. HICP (Apr): 2.5% Y/Y vs exp. 2.3% (prev. 2.0%); 1.2% M/M vs exp. 0.9% (prev. 1.1%)
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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This could lead to increased scrutiny from the ECB regarding its monetary policy stance, potentially accelerating any rate normalization efforts as inflation continues to outpace forecasts.
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