Markets await U.S. inflation figures
The U.S. markets are anticipating the release of inflation data tomorrow, with expectations that the Consumer Price Index will rise to 4.2% year-over-year, along with a potential monthly increase of 0.5% in May. This reflects ongoing pressures on the cost of living and surpassing 4% for the first time since May 2023. The core inflation rate is expected to reach approximately 2.9% annually after a monthly increase of around 0.3%, as concerns grow about sustained inflation fueled by rising oil prices and broader factors such as monetary liquidity and artificial intelligence.
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