There was good news on the inflation front, as inflation decelerated in May and was lower than anticipated.

US inflation data showed no increases in prices over the past month, leading to an expected fall in annualized CPI which sent major US equity indices sharply higher.

US Stock Market Continues Advance, European Markets Also Bullish; Gold Near 2-Month Low; Euro Finds Support; Indonesian Rupiah at 4-Year Low

Macron Calls General Election as Far-Right Wins 40% in Euro Poll; Risk Appetite Drops After Higher US Earnings, NFP Friday

The European Central Bank (ECB) delivered a 0.25% rate cut at today’s policy meeting.

European Central Bank Expected to Cut by 0.25%; Major US Equity Indices Hit Record Highs; Bullish Bitcoin Testing Resistance Again