Global Markets: European inflation beats expectations

By MarketsFarm

WINNIPEG, June 1 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally.

– Inflation in the Euro zone climbed to 2.0 per cent in May, from 1.6 per cent the previous month, according to data from Eurostat. The rate of inflation came in above market expectations, with economists now expecting even larger growth at least temporarily before the rate of inflation inevitably slows again.

– Canada’s National Advisory Committee on Immunization (NACI) is expected to update its guidance on mixing and matching second doses of COVID-19 vaccines within the next few days. The AstraZeneca-Oxford, Pfizer-BioNTech and Moderna shots will be able to be used interchangeably in certain situations. Those who had a AstraZeneca shot for their first dose will now be able to take the mRNA Pfizer of Moderna vaccines as a second dose. Pfizer and Moderna will be able to be used interchangeably for those had one or the other as their first dose. The updated guidance is based off of research underway in Spain and the United Kingdom showing the safety and effectiveness of mixing the vaccines.

– Canadian Indigenous groups are renewing calls to investigate former residential school sites around the country after the remains of 215 children was found in Kamloops, B.C. last week. Canadian Prime Minister Justin Trudeau has promised ‘concrete action,’ with details of what that will entail expected in the coming weeks.

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