Eurozone CPI rebounds to 2.6% year on year in May as ECB considers cutting interest rates next week

Expectations of interest rate cuts declined further after the data was released. The Eurozone money market now prices that the ECB will cut interest rates by less than 55 basis points in 2024, while before the inflation data was released, it was about 57 basis points.

wallstreetcnMay 31 05:39 ET

Be wary of rising inflation! Expectations that the ECB will cut interest rates again after cutting interest rates in June may be lowered

Nearly three-quarters of respondents said that the Eurozone has its own inflation dynamics and is not just lagging behind the US. However, only 6% think the ECB can completely break away from the Federal Reserve in setting interest rates.

Zhitong FinanceMay 30 20:55 ET

ECB Seen Making Fewer Rate Cuts in Fight to Curb Inflation Risks

Economists are dialing back their expectations for how far the European Central Bank will lower interest rates after it starts cutting next week, according to a Bloomberg survey.

BNN BloombergMay 30 18:22 ET

Canadian Dollar claws back ground after Greenback softens on Thursday

The Canadian Dollar (CAD) is rebounding on Thursday, recovering ground previously lost in the midweek market session as broad market flows in the Greenback dictate overall market sentiment.

FXStreetMay 30 13:20 ET

Canadian Core Inflation Measures Set to Remain Relatively Muted -- Market Talk

The stage is set for Canadian headline and core inflation to reach the central bank's 2% target on a sustained basis by early next year, even if core price growth accelerates somewhat from the muted start to the year, Capital Economics' Olivia Cross suggests.

WSJMay 30 10:59 ET

Canada Q1 Current Account Deficit Expands to $5.4 Billion; Canadians Buy Record $37 Billion in Foreign Bonds in Quarter

Canada posted a seasonally adjusted current account deficit of $5.4 billion in the first quarter, $900 million more than the previous quarter as the goods balance moved from a surplus into a deficit, the country's statistical agency said on Thursday.

MT NewswiresMay 30 09:05 ET