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STOCKS CLIMB AND DOLLAR DIPS AS FOCUS SHIFTS TO US INFLATION DATA

NEWS Desk Global



Global stock indexes saw gains on Monday, while the U.S. dollar experienced a slight decline. Investors are eagerly anticipating this week's release of U.S. inflation data, which is expected to provide crucial insights into the future trajectory of U.S. interest rates. The upcoming U.S. consumer prices is anticipated to be the focal point, although U.S. producer price data and European inflation figures are also on the agenda. The European Central Bank's expected June rate cut could be reinforced by the European inflation data. Additionally, Chinese retail sales and industrial output figures are awaited. This week will also feature remarks from various Federal Reserve speakers, including Fed Chair Jerome Powell. Investors are closely monitoring inflation indicators as they assess the timing of potential rate cuts by the U.S. central bank. Economists are forecasting a 0.3% increase in the core Consumer Price Index (CPI) for the month, down slightly from March's 0.4% rise. On an annual basis, the core CPI is expected to show a gain of 3.6%, a slight decrease from the previous month's 3.8%.

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