Morning bid: Investors hold their breath for inflation data

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Morning bid: Investors hold their breath for inflation data
European Central BankInflation ReportsGlobal Rates
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The time for waiting is almost over as inflation reports from Europe and the U.S. headlines the day's agenda, with any kind of surprise likely to sway...

The time for waiting is almost over as inflation reports from Europe and the U.S. headlines the day's agenda, with any kind of surprise likely to sway markets as investors weigh the shifting expectations over global rates .

Markets are pricing in 60 bps of cuts from the ECB this year but a lot will depend on the inflation and wage growth readings over the coming months. Markets are pricing in 35 bps of cuts from the Fed this year, with a 50% chance of a rate cut in September. Shares of The Truth Social parent Trump Media & Technology Group, which is majority owned by Trump, dropped 6.5% late on Thursday after the verdict.Judge's 275th HR, Soto's triple lift Yankees to 8-3 win over Angels as Volpe's hitting streak ends

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