As a point of logic seems their best move is to try to pressure the Fed to stop cutting.
Highlights:
| ECB’s Stark, Ordonez Say 4% Key Rate May Not Contain Inflation |
| French Government Will Lift Minimum Wage by 2.3% on May 1 |
| French annual inflation jumps to 17-year high |
| Italian inflation jumps to highest level since 1996 |
| German Investor Confidence Unexpectedly Fell in April |