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Core inflation is too sticky for the Fed to ease and it’s likely to remain that way until events in the Middle East stabilize, says Morgan Stanley.
Source
MarketWatch
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Sales of Mounjaro and Zepbound both beat expectations
Europe’s top banks have set aside hundreds of millions of euros to shield against a financial impact from the Iran war, highlighting how the economic risks for the region are on the rise.
Lilly hiked its full-year sales outlook by $2 billion, and also raised its adjusted profit guidance.
US Treasuries gained as Brent crude prices retreated from a four-year high, though simmering inflation fears kept yields near their recent peaks.
