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.
Eurozone headline inflation slowed markedly in June, but core inched higher, providing something for European Central Bank hawks to hang their hats on.
Inflation fell to 5.5% across the bloc, down from 6.1% in June. Core, which surprised to the downside last month, edged up to 5.4%, largely as a result of higher German prices.
Inflation is slowing now across most countries in the bloc, with only Slovakia now seeing double-digit inflation. Three countries, Spain, Belgium and Luxembourg, saw inflation dip below 2.0%.
While the increase in core inflation was expected, it rose by less than some had feared, touching 5.4% after 5.3% in May. However, there will be concern at the ECB that services inflation again rose, up 0.6% m/m and 5.4% y/y vs 5.0% in May.
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.