US inflation data lifts global equities
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inflation, tariff and grocery and gas prices
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Consumer prices rose 2.3 per cent in April from a year ago, down from 2.4 per cent in March and the smallest increase in more than four years.
US inflation likely accelerated in April after an unexpected cooldown the previous month, with higher tariffs on Chinese goods in particular starting to impact prices.
DAX gains as US-China tariff pause lifts sentiment; traders eye ZEW sentiment forecast and US CPI for direction. EU trade tensions may cap upside.
According to JPMorgan’s Chief US Economist Michael Feroli, the government’s recent move to ease some of the tougher tariffs on China has helped lower the chances of a recession, a Bloomberg report said.
Tuesday’s report could provide an early read on how Trump’s duties will affect the prices Americans pay for necessities.
XRP price outlook brightens as Ripple’s Monica Long forecasts surging adoption amid shifting US crypto sentiment.
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