Markets EMU May flash CPI data were close to/tentatively higher than expected, rubberstamping expectations for the ECB to raise its policy rate next week by 25 bps. Headline inflation increased 0.1% m/m and 3.2% Y/Y, the first time the measure printed north of 3% since September 2023. Core inflation (2.5% from 2.2%) and the by […]
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When discretionary spending gets tight, lifestyle brands are often among the first companies to feel the pullback. Consumers can’t skip out on essentials like car payments or grocery trips, but can easily do without a Read more…
Market Overview The crypto market capitalisation has been rapidly shrinking since the start of the new week, falling by 5% to $2.38 trillion, its lowest level since early April. It appears that confidence in the Read more…
The AI trade has spent two years being almost entirely about GPUs. Nvidia dominates that conversation, and most of Wall Street has been happy to let it. Tom O’Malley at Barclays just said that framing Read more…