UK inflation dips as services cool; PPI surprises higher, muddying BoE outlook amid softening labour market.
AUD/USD rebounded from 0.7085 lows, but firm US Dollar and geopolitical risks capped gains ahead Fed minutes.
Eurozone harmonised consumer prices increased 1% month-on-month in April, matching economists’ expectations and the consensus forecast.
Eurozone core HICP inflation held steady at 0.9% month-on-month in April, matching March’s reading.
Eurozone core Harmonised Index of Consumer Prices climbed 2.2% year-on-year in April, matching forecasts and expectations.
Pierre Wunsch warns ECB must act as inflation begins; euro steady while EUR/USD dips amid strong dollar.
Brent held above $110 amid Hormuz constraints; yields rose on rate-hike odds; European gas prices surged.
Silver rebounds 2% to $75.20, but rising Treasury yields and strong dollar keep outlook bearish.
GBP/JPY held near 213.00 as weaker UK inflation hit Sterling, while yen pressure persisted from yield gaps.
Dow slips; S&P, Nasdaq rise. Risk-off on Iran strike talk, inflation/energy fears; yields ease, Nvidia awaited.
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