Markets rangebound before Jerome Powell’s Senate testimony

The rally on equity markets fizzled out towards the end of the trading day in the US as traders started squaring positions ahead of Federal Reserve Chair Jerome Powell’s US Senate testimony later today. David Kohl, our Chief Economist, explains why the path of least resistance for European inflation data is lower, despite the latest data continuously surprising to the upside, and Manuel Villegas from Next Generation Research shares his latest views on digital assets, namely layer 1 and layer 2 protocols.00:14 Introduction and markets wrap-up by Roman Canziani (Head of Investment Writing)03:49 EU inflation data and impact on ECB policy by David Kohl (Chief Economist)07:48 Digital assets update by Manuel Villegas (Next Generation Research)11:13 Closing remarks by Roman Canziani (Head of Investment Writing)