Today bitcoin and US inflation data will be followed in global markets.
Before the data to be announced at 15.30 CET, US futures continue their horizontal course with small premiums, while Bitcoin is trading at the $30,000 limit again.
Inflation data is trading at $1848 gold first. Brent Petrol is trading at $104 with a 2% premium.
Expectations are that inflation data will decline compared to previous months. Annual inflation is expected to decline to 8.1% with April data. Annual inflation rose to 8.5% in March.
Although this recession sprinkled some water on concerns about inflation, the USA continues to struggle with the highest inflation in 40 years.
In their latest statements, FED members underline that they want to see 50 basis point rate hikes in both meetings ahead.
Although the slowdown in the rate of increase in prices does not seem to affect the FED’s next move, the hawk may contribute to the cooling of the statements.
In the morning, inflation data in China were released and monthly inflation came in above expectations. After the latest data, annual inflation in China rose to 2.1%. The expectation was 1.8%.
Now eyes are turned to the US inflation data to be announced at 15.30.