German Inflation Rate YoY Prel (Apr) Y/Y 2.9% vs. Exp. 3% (Prev. 2.7%, Low. 2.7%, High. 3.3%); Core 2.3% (prev. 2.5%)
The German inflation rate came in at 2.9%, slightly below expectations of 3%, which could suggest that inflationary pressures are not as strong as anticipated.
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 YoY Prel (Apr) Y/Y 2.9% vs. Exp. 3% (Prev. 2.7%, Low. 2.7%, High. 3.3%); Core 2.3% (prev. 2.5%)
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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- Energy prices are expected to rise by 10.1% compared to the same month of the previous year; this is the strongest price increase for energy since February 2023 (+19.1% compared to February 2022).
However, a notable rise in energy prices indicates persistent inflationary risks that could influence the ECB's policy decisions moving forward, potentially keeping rates under pressure.
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