The euro area enlarges expectations: Is reducing the type of European Central Bank in risk?
Eurozona price pressure The expectations exceeded April, which sparked new challenges about the tendency to Inflation and possibly complicated road map From the European Central Bank (ECB) to continue to reduce interest rates in the coming months.
According to the preliminary numbers published According to Eurostat on Friday, consumption prices increased by 2.2 % on an annual basis, without changes compared to the march but slightly higher than 2.1 % by economists. By monthly conditions, inflation accelerated 0.6 % as in March, This indicates that the improvised motivation It can be the recession.
For more anxiety for political leaders in Frankfurt, Basic inflationWhich excludes flying food and energy prices, rose to 2.7 % in April, compared to 2.4 % from the previous month and exceeding the unanimity estimate by 2.5 %. It was the first recovery Basic inflation since May From 2024, the services led climbing again.
Service enlargement is still the main headache of the European Central Bank
InflationOne of the main indicators of the European Central Bank when assessing the basic pressures on prices, It rose up to 3.9 % per yearCompared with 3.5 % in March. At a compensatory rate, services prices increased by 0.9 %.
Increase food enlargementAlcohol and tobacco, from 2.9 % to 3.0 %, contributed to high pressure, while energy prices continued to wear the world number, 3.5 % decrease compared to the same period in the previous year.
In the euro area, inflation remained very unequal. Estonia recorded the highest annual enlargement rate (4.4 %), followed by the Netherlands and Latvia (4.1 %). France recorded low price growthWith only 0.8 % annual enlargement.
Markets, despite the recovery of inflation
Although inflation was higher than expected, Financial markets have been preserved Practically sound. Investors seem to maintain confidence that the European Central Bank will continue to reduce the species in June, and to significantly explain the markets April data as a temporary stumbling block rather than a change in the direction.
The German Shatz’s performance to two years, often considered a The scale of the political expectations of the European Central Bank1.73 % stable, while the return on Bond remained unchanged in 2.46 %. The euro also ignored the data and remained in 1,1330 against the dollar.
Changing income expands their profits while investors focus on benefits
For its part, Variable rental markets for a long time in its recoveryPayed by the benefits of work and investor optimism. The EUROSTOXX 50 index increased by 0.8 % on FridayWhile the German Dax rose by 1.8 %, on the way to its eighth consecutive profits.
Rheinmetall AG Defense Company He led the DAX, with a 3.6 % jump, and reached new standard levels in the middle of the continuous demand for military equipment. In Eurostoxx 50, GROEP, GROEP, Airbus and Bayer were the most optimistic valuesWith an increase of 5.2 %, 5.1 % and 4.2 %, respectively.
On the contrary, Munich Re and RWE Energy Group has lost 4.9 % and 3.6 %, respectively. The banks of the euro area also gained a groundThe EUROSTOXX Bank Index increased by 1.9 %, reflecting investor confidence in a long period of potential restriction policy.
