nobsmarkets

U.K. inflation surprised to the upside in April, with consumer prices rising at their fastest annual pace since March 2024, driven by higher energy bills and water rates. The headline CPI figure of 3.5% came in above economists’ expectations, who had predicted a rise to 3.3% for the month. The largest upward contributions to the monthly

Risk sentiment took a bearish turn on Wednesday as concerns over U.S. fiscal health ramped up. The S&P 500 fell and Treasury yields jumped after a disappointing 20-year bond auction underscored investor unease about President Trump’s tax cut plans and the ballooning federal deficit. The dollar weakened across the board, slipping against all major currencies