Morning Bid: With US inflation, every decimal counts

A look at the day ahead in European and global markets from Wayne Cole.

The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, May 10, 2024. REUTERS/Staff/File Photolottery, and never has a second decimal been so important. The median forecast for core CPI is 0.3%, which alone would be a real relief after three months of 0.4's. But will it be nearer a dovish 0.26%, or a hawkish 0.34%?

Much will depend on whether rents and used car prices finally moderate as long expected, while car insurance and travel costs are wild cards.

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Reuters /  🏆 2. in US

REP CDM COM CRU DBT ECO ENR EUB FRX GOL GVD MCE METL NRG PREMTL STX GB CEEU WEU EASIA AMERS SCANDV US IT EUROP NORD EZC ES NAMER EMEA ASXPAC DE EMRG LATAM CN ASIA JP FR CDTY ECON FIN MRNG/EU

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