Disney Stocks page 2

Key events: UK - BoE Interest Rate Decision (May) UK - BoE MPC Meeting Minutes USA - Initial Jobless Claims USA - PPI (MoM) (Apr) UK - BoE Gov Bailey Speaks The softer-than-expected US Consumer Price Index (CPI) data released on Wednesday has increased confidence in the market that a US Federal Reserve (Fed) rate hike pause in June is likely. The YoY CPI for April rose 4.9%, slightly lower than expectations of a 5.0% increase, while the monthly CPI in April rose 0.4% after gaining 0.1% in March.

The U.S. economy has admittedly begun to recover from the global pandemic. The measures taken had a significant positive impact on it: President Biden allocated more than 1.9 trillion dollars to support it. Most of this funds will end up in the accounts of average Americans, which should have an impact on demand in the U.S. economy. And some of that capital is bound to end up in the stock market.