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MNI Global Morning Briefing: German Inflation to Rise

UK markets are closed Monday for a national holiday, but there is a full data calendar offered up elsewhere.

Early releases include Spanish flash inflation and retail sales at 0800GMT, with the Swiss KOF sentiment index expected at the same time.

At 1000BST, the Eurozone Economic sentiment indicator is expected, along with a raft of sector confidences numbers. They are expected to show a modest decline in August, as the delta variant infections rose across the continent.

German state inflation numbers will be released throughout the morning ahead of the publication of the flash federal August data at 1300BST. German inflation is expected to edge higher, rising to 3.4% y/y from 3.1% in July.

North American data is largely second tier. At 1330GMT, the Canadian current account numbers will be published, At 1500GMT, pending home sales data and the Dallas Fed manufacturing survey will all be released.

Speakers are thin on the ground, but ECB Executive board member Isabel Schnabel appears on a panel at 1600BST.

MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com

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