Another quiet open for stocks this morning. Markets are looking ahead to key US inflation data due to be released on Thursday.
Investors will be looking for more clarity regarding inflation and the Fed’s possible response and the same time noting recent comments from Janet Yellen, US Treasury Secretary that higher interest rates could be a ‘plus’.
Meanwhile, we have revised GDP data and jobs data for the eurozone due today. Data already released today showed an unexpected drop in German Industrial Production of 1% in April.
In the UK, there is growing talk that a delay to the June 21st lockdown easing measures will be announced early next week.
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