German Inflation Rate YoY Final (Apr) Y/Y 2.9% vs. Exp. 2.9% (Prev. 2.7%, Low. 2.9%, High. 2.9%)
The final reading for Germany's year-on-year inflation rate for April came in at 2.9%, matching expectations and indicating stability in the inflation trajectory following a previous print of 2.7%.
Additional European Equity News
Four people with knowledge of conversations involving the UK Cabinet believe some ministers will move today, Politico Playbook reports. As many as six ministers could ask for the PM to outline his exit plans at the Cabinet meeting.
German Inflation Rate YoY Final (Apr) Y/Y 2.9% vs. Exp. 2.9% (Prev. 2.7%, Low. 2.9%, High. 2.9%)
Pemex reports control of the incident at the Salina Cruz refinery (330k BPD capacity)
[MARKET UPDATE] USD/JPY drops from 157.70 to 156.70. Thereafter, returns above the 157.00 handle.
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This consistency suggests that inflationary pressures are contained, which could imply a more dovish stance from the ECB as they assess the growth-inflation mix moving forward. Traders should keep an eye on how this figures into broader regional economic outlooks and potential impacts on the euro.
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