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UPDATE: UK Inflation Upside Surprise & Nvidia Earning Expectations | Bloomberg Daybreak: Europe...
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May 22, 2024
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May 22, 2024
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16:25Now PlayingYour morning briefing, the business news you need in just 15 minutes.
On today's podcast:
(1) UK inflation cooled less than expected last month due in part to lingering price pressures at restaurants and pubs, threatening to delay interest rate cuts from the Bank of England.
(2) European Central Bank President Christine Lagarde indicated that an interest-rate cut is probable next month with the rapid gain in consumer-price growth now largely contained.
(3) Two Federal Reserve officials reinforced a higher-for-longer message on interest rates, emphasizing a need for patience as the central bank waits for more evidence inflation is moving lower.
(4) Barclays is among Wall Street firms weighing whether to require scores of workers to commute to company offices five days a week, as US brokerage regulators enact new rules for supervising work at home.
(5) Cheap electric vehicles from China are already pushing into Europe, undercutting one of the region's biggest industries. BYD which overtook Tesla.
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