Investors are keeping a close eye on upcoming U.S. inflation data and Federal Reserve Chair Jerome Powell's speech, with expectations for slight increases in producer prices. Recent reports show higher inflation in April but with some easing concerns, particularly in health care prices.
Stock market reactions varied, with the Dow Jones rising on inflation data while the DAX remains cautious. The crypto market also witnessed drops ahead of the inflation data release, indicating a broader market sensitivity to economic indicators.
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