UK BRC Shop Price Inflation (Apr) 1.0% vs. Exp. 1.5% (Prev. 1.2%)
The UK BRC Shop Price Inflation for April came in at 1.0%, below the expected 1.5% and down from the previous 1.2%.
Japanese Unemployment Rate (Mar) 2.7% vs. Exp. 2.6% (Prev. 2.6%, Low. 2.6%, High. 2.7%)
US President Trump has told advisers he is not satisfied with Iran’s latest proposal to reopen the Strait of Hormuz and end the war, NYT reports; a US official said that accepting it [the Iran proposal] could appear to deny Trump a victory
UK BRC Shop Price Inflation (Apr) 1.0% vs. Exp. 1.5% (Prev. 1.2%)
US Secretary of State Rubio says the ceasefire in Iran is unique because Israel is at war with Hezbollah, not Lebanon
US Secretary of State Rubio says the Iran offer is better than we thought
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This miss may indicate easing inflation pressures in the retail sector, which could influence expectations around the Bank of England's policy stance and its approach to future rate hikes. Watch for potential implications across consumer stocks and the broader inflation narrative.
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