Swiss annual inflation in April accelerated faster than expected, data from the Federal Statistics Office showed on Thursday, although economists said they still expected the Swiss National Bank to make further interest rate cuts. Inflation rose to 1.4% in April from 1% in March, outpacing the 1.1% rate forecast by a Reuters poll of economists, strengthening the Swiss franc versus the euro and the dollar. The SNB declined to comment.
The stock market round-tripped big initial gains as AI plays such as Nvidia retreated. Carvana soared late on earnings.
Global Payments ( NYSE:GPN ) First Quarter 2024 Results Key Financial Results Revenue: US$2.42b (up 5.6% from 1Q 2023...