Analysts say inflation could bound higher later this year, powered by pent-up consumer demand once lockdowns start easing, particularly in travel and dining out.
Investors worldwide appear to have set aside concerns over the pandemic for now, though it continues to cast a shadow as governments in some countries keep lockdowns in place.
The European Central Bank has put the markets at ease by buying up much of the public debt, essentially snuffing out the problem for the foreseeable future.
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