Equities revive after PCE data “After the mixed trading of recent weeks investors were glad to see the slowdown in core PCE, which provided a boost for beleaguered equities. While it leaves expectations around the June Fed meeting unchanged, it at least allays some worries that a hike was becoming more likely.
However, inflation figures from France and the eurozone were hotter than expected, signalling that the battle against inflation is far from over.” Geopolitical risk trims risk appetite “NATO countries have indicated their willingness to allow Ukraine to use their weapons on Russian territory, and now the world waits to see how Russia will respond.
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