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ECB and US CPI in focus
This week’s price action in equity markets appears to have been more or less dictated by how big a rise we might see in today’s US CPI report for May, as well as how the European Central Bank sees the current outlook for the economy in Europe over the next few months. US markets finished yesterday’s session on the back foot across the board, as investors geared up for a big day data and central bank wise, with markets in Europe set to open slightly higher from where they left off yesterday evening. Up until recently the ECB was faced with the prospect of having to talk down the recent rise in long term bond ... (full story)
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