Inflation slides to 1.9% in Europe, as worries shift from prices to Trump and tariffs

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0;switch(e){case"expanded_panel":o='{promoMarkup}{notifMarkup}',a=t._store.getNotifications(),r=t._generatePanelMarkup(o,a),i.innerHTML=r;break;case"error_panel":r=(o='{errorMsg}').replace("{errorMsg}",t._config.panel.errorMsg),i.innerHTML=r}n&&n()}else n&&n(new Error("No panel parent"))}},{key:"createPanelParentNode",value:function(e){e&&(e.innerHTML='',this._panelNode=document.getElementById(P))}},{key:"updateBadgeNode",value:function(e){if(e){var n=this._store.getNotifications().newCount,t=this._config.badge.maxCount;if(n){var o=n>t?t+"+":n;e.innerHTML=o}else e.innerHTML=""}}},{key:"addStyles",value:function(e){if(e&&"undefined"!=typeof window){var n=document.getElementById(this._config.panel.styleTagId);n||((n=document.createElement("style")).type="text/css",n.id=this._config.panel.styleTagId,n.innerText=e,document.head.appendChild(n))}}}]),e}(),U=function(){function e(n,t,o){L(this,e);var i=this;i._store=t,i._view=o,i._config=n;var r=i._config.panel;i._panelParentNode=document.querySelector(r.parentSelector),i._badgeNode=i._config.badge.selector&&document.querySelector(i._config.badge.selector),i._indicatorNode=r.indicatorSelector&&document.querySelector(r.indicatorSelector)}return k(e,[{key:"createPanelParentNode",value:function(){this._view.createPanelParentNode(this._panelParentNode),this._notifPanelNode=document.getElementById(P)}},{key:"refreshPanelNode",value:function(e,n){var t=this;C(t._notifPanelNode,q),t._store.fetchNotifications(e,(function(e,o){var i=window.wafer&&window.wafer.base;i&&i.destroy(t._notifPanelNode),e?t._notifPanelNode.innerHTML||(t._view.render("error_panel"),C(t._notifPanelNode,q)):(t._view.render("expanded_panel"),t._view.updateBadgeNode(t._badgeNode),t._showBadge(),t._showIndicator(),t._view.addStyles(o.css)),M(t._notifPanelNode,q),i&&i.sync(t._notifPanelNode.parentNode),n&&n(e,o)}))}},{key:"resetBadge",value:function(){var e=this;e._store.resetNewCount(),e._view.updateBadgeNode(e._badgeNode),C(e._badgeNode,e._config.badge.hideClass)}},{key:"_showIndicator",value:function(){this._indicatorNode&&(this._store.getNotifications().newCount?C(this._indicatorNode,this._config.panel.indicatorClass):M(this._indicatorNode,this._config.panel.indicatorClass))}},{key:"_showBadge",value:function(){var e=this;e._store.getNotifications().newCount?M(e._badgeNode,e._config.badge.hideClass):C(e._badgeNode,e._config.badge.hideClass)}}]),e}(),Y={promos:{eligibleBodyClass:"display-push-promos",enableNotifOnboard:!0,bypassEligibleClassCheck:!1,notifOnboardBtnLabel:"Notify Me",notifOnboardMsg:"Get alerts for breaking news and top stories",promoLogo:"https://s.yimg.com/cv/apiv2/ae/news/circle_bell.png",showYahooLogo:!0,subscriptionTopic:"gondor_homerun_news"},badge:{hideClass:"",maxCount:5,selector:""},panel:{emptyPanelMsg:"You have no new 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consumer prices in May to below the ECB's 2% target for the first time since September. Increasing signs that inflation is back under control after a painful outbreak in 2021-23 leaves room for the ECB to turn its attention to worries about the impact of a slew of new import taxes on EU goods in the US that threaten to slow Europe's export-oriented economy.Reductions in the ECB's benchmark rate, currently at 2.25%, lower borrowing costs throughout the economy, making it easier to buy things on credit and stimulating economic activity and investment. Higher rates combat inflation, but for the moment that battle appears to have been won.The ECB's rate-setting council meets on Thursday under bank President Christine Lagarde to determine the next step on rates. Analysts expect a cut of a quarter percentage point and for Lagarde to indicate that at least one more cut is possible at future meetings.Trump has raised tariffs on steel, aluminum and autos from almost all trading partners to 25%, and has now said he will raise the rate to 50% on steel, as well as proposing a 20% tariff on all European Union goods. That last tariff has been paused ahead of a July 14 deadline pending negotiations with EU officials. Worries about the impact of tariffs on growth led the European Union's executive commission to cut its growth forecast for the 20 euro member countries this year to 0.9% from 1.3% in its fall 2024 forecast.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P Futures5,937.50 -9.75 (-0.16%)Dow Futures42,291.00 -83.00 (-0.20%)Nasdaq Futures21,520.25 -14.25 (-0.07%)Russell 2000 Futures2,077.10 +3.80 (+0.18%)VIX18.51 +0.15 (+0.82%)Gold3,380.50 -16.70 (-0.49%)PortfolioSign in to access your portfolioSign inTop gainersVERA Vera Therapeutics, Inc. 31.74 +12.79 (+67.49%)APLD Applied Digital Corporation 10.14 +3.31 (+48.46%)KYMR Kymera Therapeutics, Inc. 43.13 +13.49 (+45.51%)IQST iQSTEL Inc. 13.30 +3.47 (+35.30%)BPMC Blueprint Medicines Corporation 127.79 +26.44 (+26.09%)Top losersRGC Regencell Bioscience Holdings Limited 747.99 -129.01 (-14.71%)SAIC Science Applications International Corporation 100.22 -15.32 (-13.26%)PONY Pony AI Inc. 17.45 -1.81 (-9.40%)OTLY Oatly Group AB 10.07 -0.87 (-7.95%)CORT Corcept Therapeutics Incorporated 71.68 -5.88 (-7.58%)Most activeAPLD Applied Digital Corporation 10.14 +3.31 (+48.46%)LCID Lucid Group, Inc. 2.2000 -0.0300 (-1.35%)NVDA NVIDIA Corporation 137.38 +2.25 (+1.67%)F Ford Motor Company 9.98 -0.40 (-3.85%)CLF Cleveland-Cliffs Inc. 7.18 +1.35 (+23.16%)Earnings eventsTrending tickersAPLD Applied Digital Corporation 10.14 +3.31 (+48.46%)CEG Constellation Energy Corporation 313.43 +7.28 (+2.38%)META Meta Platforms, Inc. 670.90 +23.41 (+3.62%)LYRA Lyra Therapeutics, Inc. 20.25 +15.32 (+310.75%)NIVF NewGenIvf Group Limited 1.7200 -0.3000 (-14.85%)Top economic events