Several largest American companies will publish their financial results this week. BTCUSD and XAUUSD are skyrocketing. What's going on in the markets?
In May, euro zone inflation sags more than expected
In the euro zone consumer price inflation dipped more than expected in May, as official preliminary data unveiled on Wednesday.
Eurostat stressed that in May, consumer price inflation inched up by a seasonally adjusted 1.4%, which is below hopes for a soar 1.5% and following a final 1.9% leap last month.
According to Eurostat, and considering the key components of euro area inflation, in May, energy is supposed to boast the highest annual rate, compared with April’s result of 7.6%, followed by alcohol & tobacco, food as well non-energy industrial goods.
In May, core CPI, excluding energy, food, alcohol and also tobacco costs, leapt by a seasonally adjusted 0.9% from the same period last year, after a 1.2% revenue last month. Experts had hoped core inflation would soar by 1.0%.
The European Central Bank’s inflation objective is officially close to the previously mentioned outcome, though it’s below, keeping to 2.0%. On June 8 the ECB is expected to make its monetary decision.
The dollar's status as the world's reserve currency could only be recovered if the US controls its spending. The huge budget deficit and rising interest rates on the US national debt should scare every American, analysts say. Read the full report to learn more!
Chinese investors are selling the UST. Meanwhile, the earning season continues. What's going on in the markets?
The Japanese yen fell to its lowest level against the US dollar in 33 years. Read the full report to learn the next target for USDJPY!
The US stock market fell in the third quarter. What's going on and why economists think that the last quarter will be better? Let's discuss it all here.
BlackRock CEO forecasts the Fed may have to raise rates further. The US dollar index (DXY) gains 130 points today. Read the full report to get more fresh news and technical analysis!