Italian Inflation Rate YoY Prel (Apr) Y/Y 2.8% (Prev. 1.7%)
The preliminary YoY inflation rate in Italy has risen significantly to 2.8% from the previous 1.7%.
[MARKET ANALYSIS] European bourses broadly lower into ECB and BoE; META -7.9% pre-market on spending woes
Pakistan's Foreign Ministry says channels of dialogue with officials in Washington and Tehran remain open, Al Hadath reports
Italian Inflation Rate YoY Prel (Apr) Y/Y 2.8% (Prev. 1.7%)
California gasoline price tops USD 6/gallon for first time since 2023, Bloomberg reports
[ANALYSIS] Iranian War Day 62: US prepares strike options as blockade pressure peaks
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This marked increase is likely to raise concerns about persistent inflation, influencing both monetary policy considerations and the ECB's future rate path. Traders should assess how this data might impact the euro and related asset markets, particularly in the context of broader European inflation trends.
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