US Core PPI YoY (Apr) Y/Y 5.2% vs. Exp. 4.3% (Prev. 3.8%)
The US Core PPI YoY increase to 5.2% significantly beats expectations of 4.3%, indicating stronger inflationary pressures than anticipated.
Currys (CURY LN) CEO Baldock has been identified as the individual to steer Boots through a possible GBP 5-7bln stock market listing, Sky News reports citing sources
German Current Account (Mar) 23.6B (Prev. 22B)
US Core PPI YoY (Apr) Y/Y 5.2% vs. Exp. 4.3% (Prev. 3.8%)
BCB's Galipolo says supply shocks are posing a challenge, resulting in dissonance in official numbers
Hapag Lloyd (HLAG GY) says its forecast for FY26 market growth is at 2-3% but subject to Middle East situation and US tariffs
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This surprising print suggests that inflation may remain more persistent, which could influence the Fed's rate path and further complicate the growth-inflation dynamic.
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