Equity investors defy gravity, but rally is not sustainable! | MarketTalk: What’s up today? | Swissquote
The Eurozone’s flash CPI estimate looked as ugly as it smelled beforehand. Inflation in the Eurozone is estimated to have barely eased to 8.5% from 8.6% printed a month earlier, while core inflation advanced to a record of 5.6%, from 5.3% printed previously.
The latest CPI update confirmed the European Central Bank (ECB) hawks’ aggressive positioning for further rate hikes and pushed the European yields further up yesterday, but despite higher yields across the board, the Stoxx 600 closed Thursday’s session 0.50% higher.
Across the Atlantic Ocean, fresh jobs data came to fan the inflation worries yesterday in the US....