WSJ's Timiraos notes core CPI rose 0.21% in May, and pushed the 12-month measure to 2.9%, and this is the first time since Dec. 2022 where the 12-month core CPI reading was higher than the year-earlier reading
German Union IG Metall says future plans for Volksagen's (VOW3 GY) Osnabrueck site remain undecided
Daily US Equity Opening News - TSM May revenue rises; SMCI launches $7B equity raise; AMZN expands LTL freight offering
WSJ's Timiraos notes core CPI rose 0.21% in May, and pushed the 12-month measure to 2.9%, and this is the first time since Dec. 2022 where the 12-month core CPI reading was higher than the year-earlier reading
DCC (DCC LN) reportedly received an offer from KKR and ECP of a total of GBP 66.72/shr, Bloomberg reports
Natixis says the slightly softer-than-expected monthly core inflation could reinforce the view that the peak in war-related inflation may be behind us and that the inflation outlook could improve, provided oil prices remain stable
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- On a 3-month annualized basis, the CPI is up 8.2%
Annualised CPI: Available on Newsquawk V2 widgets, US Macro Data.

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