Italian Inflation Rate MoM Final (Apr) M/M 1.1% vs. Exp. 1.2% (Prev. 0.5%)
The April Italian inflation rate showed a month-over-month increase of 1.1%, slightly below the expected 1.2% and up from the previous 0.5%.
Iranian Foreign Minister Araghchi says contradictory messages from the US remain the main issue
Explosions heard in the Bahreke area of Erbil, Iraq. Subsequently, Tasnim reports of a drone attack in the province.
Italian Inflation Rate MoM Final (Apr) M/M 1.1% vs. Exp. 1.2% (Prev. 0.5%)
BP (BP/ LN) is reportedly mulling selling some Egyptian gas assets, reports suggest
ADNOC Chairman says reviewing progress on the new West-East Pipeline (c. 1.5mln BPD, when complete), set to double the co.'s export capacity via Fujairah
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This miss may signal a moderation in inflationary pressures, which could influence the ECB's policy stance moving forward, particularly in light of broader European trends. Traders should consider the implications for both the euro and regional bond markets as these numbers ripple through investor sentiment.
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