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J.P. Morgan says HSBC and Standard Chartered have continuing momentum heading into third-quarter results, supported by higher rates and growth in Asia. The bank raised HSBC's 2027 EPS estimate by 1% and kept a preference for Standard Chartered.
Italy preliminary CPI YoY came in at 3.3% versus 3.3% forecast and 2.9% prior.
Italy's CPI increases 0.3% month-over-month, exceeding the forecast of 0.2%
Italian inflation exceeds expectations, reaching 3.3% year-over-year in May