Eurozone's Core Inflation Reaches Record High Despite Cooling Prices

Despite the March bank shock, global markets remain upbeat overall, but inflation remains a persistent concern for investors. The Federal Reserve is in "wait and see" mode on further interest rate hikes, but officials remain uncomfortable about inflation, which is expected to have stuck at 4.7% in February. Flash euro zone inflation for March fell below 7% for the first time in a year, but core inflation ticked up to a new record high for the bloc at 7.5%. Financial markets were steady on Friday, and the dollar rose. In politics, attention was on the expected court appearance next week of former U.S. President Donald Trump.