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US Futures are Higher as April Inflation was Below Expectations #Inflation #CPI #TreasuryBudget

US Futures are higher as April inflation was below expectations.  April consumer price index show prices rose 0.2% m/m and 2.5% y/y.  When excluding food and energy, prices were up 0.1% m/m and 2.1% y/y.  Jobless claims were unchanged last week at 211K, but below expectations of a rise to 220k.  Later this afternoon the Treasury will release their latest budget information which is expected to show an $88B surplus due to high tax receipts in April.  European shares are mixed with weakness in telecommunications stocks.  Earlier, the BOE left interest rates unchanged as expected.  Asian markets closed higher as energy shares continue to lead markets higher. 

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