Reported 4 months ago
Investors are eagerly awaiting inflation data from Europe and the U.S., with the euro zone expected to report 2.5% inflation for May and the European Central Bank likely to consider rate cuts. Markets are sensitive to any surprises in the data, as they weigh expectations for global rates. European bourses are predicted to open lackluster, while U.S. stocks, the dollar, and Treasury yields have all decreased following a downward revision to U.S. GDP, raising expectations for Fed rate cuts. The dollar is on track for its first monthly loss this year against major currencies. Asian equities rose, despite China's unexpected manufacturing activity decline in May. Additionally, markets have seemingly overlooked the conviction of former U.S. President Trump, who was found guilty of falsifying documents, with his media group's shares dropping after the verdict. Key events on Friday include the release of the euro zone and France's inflation reports for May and Germany's April retail sales data.
Source: YAHOO