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Inflation vigil sees single stock sideshows

Macro markets have basically frozen ahead of this week's big U.S. inflation releases, with sideshow entertainment provided by a fresh burst in activity in so-called 'meme stocks' while earnings updates and deals sagas dominated overseas. With Wednesday's April consumer price report this week's focus, Tuesday's release of the month's producer price index provides the appetizer - with core annual factory gate price readings expected to be steady at 2.4%. Although these critical data inputs likely set the tone for the public rather than the other way around, the backdrop on household inflation expectations has not been great.