Five Things You Need to Know to Start Your Day: Europe
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Good morning. Investors focus on Tuesday’s US inflation report, Reddit could be one of the year’s biggest IPOs, and the short-volatility trade that blew up in 2018 is back bigger than ever. Here’s what people are talking about.
After a mixed jobs report last week, investors are now focusing on Tuesday’s Consumer Price Index data to decide whether to add to bullish Treasury wagers. Swaps traders see an interest-rate reduction beginning in June as a virtual lock, with nearly four quarter-point cuts expected over the coming year. The figures will signal whether inflation is coming down steadily enough to allow the Fed to start easing policy as soon as traders currently expect.