Forex News May 30, 2022

 

Equities

European equities begin the day higher. A strong start to the session for stocks

Eurostoxx +0.7%, Germany DAX +0.8%, France CAC 40 +0.6%, United Kingdom FTSE +0.4% & Spain IBEX +0.5%

The upbeat mood from last week has carried over, with positive developments from China, such as the relaxation of lockdown restrictions, also contributing.

However, inflation readings in Europe this week will be a focus, and while they may not detract from the equities rally, it is worth noting that price pressures are still not easing in May.

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