Market insights

Global Inflation Rising - MI260624

We've seen inflation reports from both hemispheres in the last 24 hours.

Canada was expected to be 2.6% and came in at 2.9%.

Australia was expected to be 3.8% and came in at 4%.

This takes a lot of pressure off central banks to cut rates although the rhetoric is still for Summer cuts.

Today sees American bank stress tests ahead of a Eurozone summit tomorrow.

Business news is dominated by Royal Mail in one form or another. There's the ongoing post office debacle alongside the Post Office takeover.

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Economic calendar

US: 21:30 Bank Stress Test

EUR: Thursday Leaders Summit

As ever we look forward to keeping you in the loop and look out for our next update.

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