Free Trial
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
GERMAN DATA
MNI (London)
GERMANY JULY GFK CONSUMER SENTIMENT -27.4; JUNE -26.2r
- GfK's July projection for consumer confidence sees sentiment weakening a further 1.2 points. This is largely in line with the forecast and a fresh series low since commencement in 1991. Last Friday saw the GfK UK reading also slump to a historic low.
- Economic and income expectations, as well as propensity to buy all fell further in June, with income expectations suffering the greatest loss at an almost 20-year low.
- Escalations in the Ukraine war alongside persistent supply-chain issues and steep energy and food price inflation continue to drive sentiment down as consumers grapple with +7.9% y/y inflation in May. Wednesday will see the release of the June CPI print, anticipated to be unchanged. The ECB said its July meeting will almost certainly a 25bp lift-off in rates, and continued inflation pressures underscore a 50bp hike may follow in September as implied by President Lagarde at the last meeting.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok