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’s helped push equities higher today. NAB’s 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’t talk of tapering, except to say they weren’t 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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