ECB’s Moulin says June policy changes premature; urges vigilance on inflation as euro slips, ECB tools explained.
Canada’s April inflation undershot forecasts; core near 2%. Softer data questions BoC hikes, supporting CAD.
Euro steady near 1.1600 as Iran tensions lift dollar, oil above $100; Eurozone inflation, Fed minutes awaited.
EUR/GBP rebounded near 0.8660 as UK inflation cooled, weakening pound; PMI data and ECB signals awaited.
Global equities slid as rising bond yields and inflation worries spurred defensive rotation, despite solid data and earnings.
UK April CPI slowed to 2.8%, under forecast; core eased to 2.5%, shaping BoE expectations.
Markets see persistent Middle East conflict inflation; US expectations rise, boosting dollar, but real rates and Fed stance uncertain.
UK output producer prices rose 1.4% in April, 0.4 points above forecasts, indicating faster-than-expected growth.
UK consumer prices rose 0.7% in April, missing forecasts of 0.9% and coming 0.2 points lower.
UK producer input prices rose 7.7% year-on-year in April, beating 5.9% forecasts and signaling higher costs.
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