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Eurozone Inflation Rises, Rate Cut Still Expected

1 min read
Source: CNBC
Eurozone Inflation Rises, Rate Cut Still Expected
Photo: CNBC
TL;DR

European stocks closed higher on Friday, with the Stoxx 600 index up 0.28%, as investors assessed euro zone inflation data, which rose to 2.6% in May. The ECB is expected to cut interest rates at its June 6 meeting. JD Sports shares fell 12.4% after reporting a decline in first-quarter U.K. sales. Italy's economy grew by 0.3% in the first quarter.

Topics:businessfinance#ecb-rate-decision#euro-zone-inflation#european-stocks#finance#italy-economy#jd-sports
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  1. European stocks choppy as euro zone inflation ticks up; JD Sports down 6.5%  CNBC
  2. Euro zone inflation rises to 2.6% in May, but bloc still seen heading for interest rate cut  CNBC
  3. Inflation Ticks Up in the Eurozone  The New York Times
  4. Euro zone inflation rises in fresh signal for ECB caution  Reuters
  5. Inflation ticked up in Europe in May. That likely won't stop a central bank rate cut next week  The Associated Press

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