Inflation data in Europe

Great Britain:

• Consumer Price Index (CPI) (m/m) (June), fact 0.0%, forecast 0.3%.
• Consumer Price Index (CPI) (y/y) (June), fact 2.0%, forecast 2.0%.
• Producers price index for (m/m) (June), fact -1.4%, forecast -1.0%.

Eurozone:

• Core Consumer Price Index (CPI) (y/y) (June), fact 1.1%, forecast 1.1%.
• Consumer Price Index (CPI) (y/y) (June), fact 1.3%, forecast 1.2%.
• Consumer Price Index (CPI) (m/m) (June), fact 0.2%, forecast 0.1%.

Data on consumer inflation in Europe turned out to be multidirectional. Thus, inflation data in the UK slowed down, confirming concerns about the economy and increasing pressure on the British pound, which remains oversold.

Fig. 1. Chart of Consumer Price Index (CPI) (m) UK

Eurozone data, on the contrary, improved, despite modest expectations, pointing to a slowdown in the downward trend and signs of a rise in consumer inflation to the target level.

Fig. 2. Chart of consumer price index (CPI) (y) of the eurozone

Thanks to the published data, the euro was supported, but continues to be limited by negative sentiment and risks. And the growth of the euro as a whole will be limited by the correction after the decline.

Reaf also: “Trump’s tax reform.
What will the population and business receive and what will the economy lose this year”

Hanzenko Anton

Earn with the help of the trade service on the news Erste News!

Topical articles of the trader’s blog:

1. The trade war. Relations between Japan and South Korea
2. The Japanese yen: expectations and prospects.
3. US and China return to the negotiation table

Current Investment ideas:

1. IBM shares will continue to decline. Get ready to earn on this with a ready-made investment idea from Ester!
2. Make Money on Intel Shares Growth!