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Heads up: Germany states' CPI readings due later today
Inflation is back on the menu in Europe today as we will be getting servings from Germany and Spain. The former is a key one to watch as estimates for annual inflation are showing that it is more persistent. Headline annual inflation is expected to come in at 6.3% in June, as compared to the 6.1% reading in May.That is going to keep the ECB on their toes and the outlook isn't going to be helped by the worsening economic conditions, as evidenced by the PMI data last week here.A softer reading cou...
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Posted: Jun 29 2023, 04:05
Author Name: forexlive
Views: 110698