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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)
- Following a slew of German state CPI data this morning, our forecasts for the July German national CPI print are +0.85% m/m which implies a year-on-year print of +7.5% y/y with an upside risk towards +7.6% y/y. This accounts for 88.1% of the weighting of the aggregate headline numbers.
- This would leave German CPI edging down from the June level of +7.6% y/y, and implies a substantial 0.7-0.8pp acceleration in the month-on-month reading.
- The consensus was initially looking for +0.6% m/m- 2 to 3 tenths lower than the state data would suggest.
- Note that this the national CPI data and does not directly imply the outcomes for the harmonised print, which is the key decision-driving data examined by the ECB.
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.
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