Core Insights - The core CPI month-on-month rate was recorded at 0.1% for May, which is below the expected 0.3% [1] - JPMorgan had previously assessed the probability of the core CPI being below 0.25% at only 5%, indicating a significant dovish data point [1] - This unexpected result may lead the market to re-evaluate expectations for two interest rate cuts, potentially driving the S&P 500 up by 2%-2.5% [1]

Group 1 - The core CPI for May in the United States showed a month-on-month increase of 0.1%, which is below the expected increase of 0.3% and the previous value of 0.2% [1]

Core Insights - The Eurozone's preliminary core CPI for May is reported at 0.1%, a significant decrease from the previous value of 0.9% [1] Economic Indicators - The core CPI reflects a slowdown in inflationary pressures within the Eurozone, indicating potential changes in monetary policy considerations [1] - The drop in core CPI may influence the European Central Bank's future interest rate decisions, as lower inflation could reduce the urgency for rate hikes [1]

Group 1 - The core CPI in the UK for April increased by 1.4%, surpassing the expected rate of 1.2% and significantly higher than the previous value of 0.5% [1]

Core Insights - Canada's core Consumer Price Index (CPI) for April increased by 0.5%, compared to a previous value of 0.1% [1]

Core Insights - The final value of the Eurozone's core CPI for April is reported at 0.9%, unchanged from the previous value of 0.9% [1] Group 1 - The core CPI indicates stable inflationary pressures within the Eurozone, suggesting no immediate changes in monetary policy are likely [1]

Group 1 - The core CPI for the Eurozone in April showed a preliminary month-on-month increase of 0.9%, compared to a previous value of 0.8% [1]

Group 1 - The core Consumer Price Index (CPI) in the UK for March increased by 0.5%, matching expectations and showing an increase from the previous value of 0.4% [1]