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Spanish Core Inflation Rate YoY Prel (Apr) Y/Y 2.8% (Prev. 2.9%)

The preliminary release of Spain's core inflation rate shows a slight moderation to 2.8% year-over-year from the previous 2.9%.

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European Movers: Adidas (ADS GY) +7.5%, UBS (UBSG SW) +5.7%, Nexi (NEXI IM) +5.3%, Haleon (HLN LN) +3.0%, Airbus (AIR FP) +2.5%, Mercedes-Benz Group (MBG GY) +1.5%, Lloyds Banking Group (LLOY LN) +0.7%, Deutsche Bank (DBK GY) -4.0%

Spanish HICP Flash (Apr): 3.5% Y/Y (prev. 3.4%); Core 3.1% Y/Y (prev. 2.8%); M/M 0.7% (prev. 1.7%)

Spanish Core Inflation Rate YoY Prel (Apr) Y/Y 2.8% (Prev. 2.9%)

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This small decline may suggest that inflation pressures are easing slightly, which could influence ECB policy considerations and potentially affect the euro's strength in forex markets.

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