The European stocks are surging as investors remain optimistic on the improvement of the Eurozone and employment data in the first quarter of 2021. The investors are concerned with growing inflation in the markets.
- The Stoxx 600 index increased by 0.5% supported by other sectors other than Chemicals, Industrials, Autos, Basic Resources, and Oil and Gas.
- European investors are waiting on the recent data releases, including the revised GDP and Employment data for Q1 of 2021.
- Global investors are waiting for the release of U.S inflation data on June 10th. In April, the CPI increased by 4.2% from the past year. In May, the CPI is projected to increase to 4.7%.
The continued increase in consumer prices raises concern over Fed’s intervention to lose its policies. The Fed action might trigger loss of consumer confidence and spending in the U.S. and global markets.
Source: CNBC News.