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%)
The Spanish HICP flash reading confirms a slight uptick in inflation year-over-year, rising from 3.4% to 3.5%, which may suggest persistent inflationary pressures.
EUROPEAN OPEN: KNEBV FH to buy TK Elevator for EUR 29.4bln; RI FP and BF.B end merger talks; AZN LN Q1 profit beats on cancer demand; MBG GY confirms guidance after Q1 EBIT beat; UBSG SW profit tops expectations; ADS GY operating profit beat
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%)
EU announces that Meta (META) has been found to be in preliminary violation of the DSA, for failing to diligently identify, assess and mitigate the risks of minors under 13 years old accessing their services.
Swedish Consumer Inflation Expectations (Apr) 6.8% (Prev. 7.3%)
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The core inflation increase, jumping to 3.1% from 2.8%, indicates that underlying price pressures are broadening, potentially impacting ECB policy considerations. Additionally, the month-on-month deceleration to 0.7% from 1.7% suggests some moderation in the immediate inflationary trend, but the overall implication is that policymakers may need to stay vigilant given the upward trajectory.
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