GX DAX Germany ETF (NQ: DAX )
29.49 +0.07 (+0.24%) Official Closing Price Updated: 4:15 PM EDT, Jun 2, 2023 Add to My Watchlist
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The Swiss National Bank's recent 0.5% interest rate hike is still slowing inflation to just 2% in forecasts, said Andrea Maechler from the SNB, suggesting that additional tightening may be needed.
Money market funds (+$25.4 billion), taxable bond funds (+$2.9 billion), and equity funds (+$53 million) recorded inflows, while tax-exempt bond funds (-$256 million) suffered outflows.
The US Consumer Price Index declined from 6% to 5% year-on-year. Core inflation (excluding food and energy prices) rose from 5.5% to 5.6% y/y, with the Index adding 0.4% for the month.
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