Market interest rates fell and Wall Street stock exchanges rose in futures trading after fresh figures showed that US inflation fell in May.
The market hopes that lower inflation will open up for American interest rate cuts.
Inflation in the US fell to 2.6 percent in May, according to the so-called PCE measure. This can be compared to 2.7 percent in April.
The decline was in line with expectations. Economists' average forecast was a PCE inflation of 2.6 percent in May, according to Bloomberg's compilation.
The underlying PCE inflation in May was 2.6 percent, compared to 2.8 percent in April.
The market reaction was clear after the figures. The yield on the US 10-year government bond fell 0.05 percentage points to 4.27 percent, and the dollar was pushed down a few ören against the krona and other currencies.
The PCE inflation is seen by the US central bank Federal Reserve (Fed) as the most important price increase measure when decisions on future interest rates are to be made. The Fed's interest rate determines, in turn, the risk appetite globally and how much maneuvering room other central banks have for their interest rate decisions.
In contrast to the more common CPI measure of inflation, which is based on a basket of goods, the PCE inflation is calculated on what is actually consumed.
