May 20, 2026

In the Eurozone, April's inflation stood at +3% year-on-year.

International

This morning, the Eurozone Consumer Price Index (CPI) was released. The measurement showed that prices rose by 1.0% during the month, while the year-on-year figure stood at 3.0%. Meanwhile, the core CPI, which excludes food and energy, was up 2.2% year-on-year. In all cases, the measurements remained in line with analysts' consensus forecasts.

Major US stock indices declined yesterday. The S&P 500 fell by 0.7%, the Nasdaq dropped by 0.8%, and the Dow Jones declined by 0.6%. Thus, year-to-date, the indices have accumulated gains of 7.4%, 11.3%, and 2.7%, respectively. It's worth noting that today, after the market closes, Nvidia will present its results for the first quarter of 2026. Revenue is projected to have been $78.82 billion for the period, while earnings are projected at $1.75 per share.

Finally, US Treasury yields widened again yesterday. The 1-year bond closed at 3.81%, up from 3.78% on Monday, while the 3-year bond closed at 4.31%, also surpassing the previous 4.12%. On the longer end, the 10-year bond yield increased from 4.59% to 4.65%.

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