Eurozone inflation miss drives speculation of ECB interest rate cut

From Investing.com: 2025-06-03 06:31:00

In the Asian session, markets struggled to hold onto gains as hopes for a Trump-Xi meeting faded. US Equity Futures are down approximately 0.6%, while Asian stocks rose slightly. The gained against most G10 currencies. In Europe, shares fell due to concerns over the trade war impact. OECD downgraded global growth forecasts to 2.9% for 2025 and 2026. Eurozone inflation dropped below ECB target, fueling expectations for an interest rate cut. US data releases and Fed comments are on tap for the day. The DAX Index struggles to hold above 24000, facing resistance at 24090, 24300, and 24500 handles.



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