Equities | Europe | Monetary Policy & Inflation | UK | US
Markets to Watch This Week: Is US Consumer Credit Slowing?
- By Bilal Hafeez and Viresh Kanabar
- 2 min read
We standardise WoW price changes across different markets to allow for cross-market comparisons.
Market Moves Over the Past Week
Euro area inflation surprised to the downside last Thursday (1 June). The flash estimate for CPI came in at 6.1% YoY versus 6.3% expected, with core also surprising to the downside at 5.3% versus 5.5% expected. In response, yields across the eurozone dropped, with German 2Y Schatz falling by almost 14bps on the week (Chart 3).
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