UK inflation has jumped to 3.8%, an 18-month high. Airfares spiked nearly 30%, but the real concern is services inflation at 5%, a sign of deeper, stickier pressures. Also Google has struck a 6-year deal with Meta Platforms worth over $10 billion.
Nvidia’s upcoming results have the power to drive the S&P 500 higher than the Federal Reserve’s dovish tone last week or this Friday’s update on inflation.
