German Inflation Rate MoM Prel (Apr) M/M 0.6% vs. Exp. 0.7% (Prev. 1.1%, Low. 0.5%, High. 1.1%)
The German inflation rate for April showed a preliminary month-on-month increase of 0.6%, falling short of expectations of 0.7% and a decline from the previous month's 1.1%.
UK PM Starmer's advisors are reportedly split over whether he should conduct a cabinet reshuffle following the 7th May local elections, Sky News reports citing sources
Chip Wilson issues letter to Lululemon (LULU) shareholders criticising board's selection of Heidi O'Neill as CEO adding CEO and director selections show board continues to misunderstand brand
German Inflation Rate MoM Prel (Apr) M/M 0.6% vs. Exp. 0.7% (Prev. 1.1%, Low. 0.5%, High. 1.1%)
Iran has warned that continued US maritime piracy will soon be met with “practical and unprecedented military action,” high-ranking security source told Press TV
AstraZeneca (AZN LN) CEO says the government is moving in the right direction with regards to drug pricing and talks will occur between Europe and US of similar nature, via conference call
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This miss may indicate softer inflationary pressures in Germany, which could influence the European Central Bank's policy considerations and affect the euro's strength relative to other currencies.
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