Wall Street Breakfast Editors submit:
Top Stories
Eurozone inflation drops further away from ECB’s target. As expected, eurozone inflation dropped to an annual rate of 1.7% in March from 1.8% in February, falling further away from the ECB’s target of just under 2%. Given the fairly poor state of the eurozone economy, the decline in prices could provide scope for the ECB to ease monetary policy further when officials meet tomorrow, although it’s not expected to cut interest rates from the current level of 0.75%.
DJIA, S&P eye further highs. The Dow Jones and the S&P 500 look set to add to their record finishes yesterday, with U.S. stock futures higher in pre-market trading despite shares in Europe falling. The continued bull run in the U.S. came as health insurers rallied on positive Medicare reimbursement news and as U.S. factory orders rose in February. ADP is due to issue its March report today,
Hickey and Walters (