Markets very nervous ahead of US inflation figures

For the second day in a row, equity markets plunged yesterday on concerns about inflation, mainly in the US. The bond market was down as well (yields up), but more in the euro area, as there were big sovereign bond auctions, while expectations of reduction in the ECB’s bond purchases intensified. The FX market posted little reaction, the EUR/USD pair trading slightly lower near 1.2130 this morning, caught between opposite forces. The release of the April US inflation figures will be the main event today.

equity down
Share this news :

You might also read :

ES-gas
July 5, 2021

Global gas prices correct downwards

European and Asian gas prices retraced some of their strong gains recorded earlier in the week on Friday. Spot prices also weakened slightly on the…
ES-gas
July 1, 2021

European gas prices hit new record highs

The bullish trend in European gas prices showed no sign of abating yesterday with all contracts posting strong gains ahead of a tight supply period…
Join EnergyScan

Get more analysis and data with our Premium subscription

Ask for a free trial here

Subscribe to our newsletter

Don’t have an account yet? 

[booked-calendar]