Market unphased by US CPI; ECB stays dovish despite upping forecasts
Friday 11th June 2021US CPI was a higher than expected, but the Market seems to have taken it largely in its stride, although it\u2019s helped push equities higher today. NAB\u2019s David de Garis said the market will be more interested in what the Fed might say next week, after a couple of disappointing payrolls numbers. Meanwhile, the ECB, upped their forecasts but didn\u2019t talk of tapering, except to say they weren\u2019t going to rush into it. And world leaders are in Cornwall to talk about the global approach out of the pandemic, including a belt and road initiative to rival Chinas.
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