In response to the release of the Consumer Price Index, leading contracts in the United States are on the rise, with hourly indices increasing by 0.4% each. Inflation data in the USA showed prices increased by 0.3% this month and 3.4% over the last 12 months. The core index rose by 0.3% in April compared to the expected 0.3%. Retail sales remained unchanged in April.
Meanwhile, Risquiped, managed by co-founder Ido Gal, exceeded analysts’ forecasts in the first quarter and raised its annual EBITDA forecast slightly. Quarterly revenues reached $76.4 million, an 11% increase from the previous quarter. The company reported a net loss reduction of 35% to $11.6 million according to GAAP rules. On a Non-GAAP basis, Risquiped recorded a net profit of $7 million. Earnings per share doubled market forecasts to 4 cents.
In Europe, stocks are trading in a mixed trend, with Dutch bank ABN Amro’s shares falling sharply despite reporting a 29% increase in net profit. Investors are awaiting US inflation data expected to be published later. Oil prices are trading up about 1% as expectations for an interest rate cut by the Fed rise
