GDP revision and US economic slowdown, inflation, reports and company news
• The wait is almost over today as inflation reports from Europe and the US top the agenda and any surprise is likely to weigh on markets as investors weigh changing expectations for global rates.
• First up will be Eurozone inflation, which is expected to come in at 2.5% in May after holding steady at 2.4% over the past couple of months, while core inflation is expected to remain steady at level of 2.7%.
• A downward revision to US GDP on Thursday increased expectations that the Federal Reserve has room to cut rates this year, although investors took the bad news (of weaker growth) as...