Key Rates News Today

- Hot US CPI reading may be in rear view mirror but effects persisting today as traders bet that the inflation fight is not over.

- Quiet weekend of news with little change to macro narrative since Friday.

EU mid-market update: Overextended US equity rally given a scare but attempts to return to business as usual; China responds to tariffs with export bans.

- Risk appetite was on following the great monetary pivot, further dovish international central bank commentary in session.

Asia Market Update: Relief as risk-back-on after overnight decline in USTs and oil falling

EU mid-market update: Bond sell off continues to push yields to highs not seen since GFC, weighing on equities; Japan officials tight-lipped on JPY mo

Erratic monsoon rains in India have delayed vegetable planting and damaged ripening crops, raising vegetable prices to a seven-month high in June. Traders expect costs will remain high until October due to supply shortages. Costlier staples such as onions, beans, carrots, ginger, chillies, and tomatoes are expected to stoke retail inflation, which could hit a seven-month high in July, lowering the potential for the Reserve Bank of India to lower rates this year.

The island nation plunged into crisis last year as its foreign exchange reserves ran out and food and energy prices spiralled

-Mixed European flash PMI data for France, Germany, Euro Zone and UK, but indicated any recession in Europe would likely be limited or even avoided. N

ECB raises key rates by 75 basis points to tame inflation