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.
Tuesday throws up the normal cacophony of month end data on both sides of the Atlantic, with the flash Euro Area inflation data likely to be the stand out event.
Eurozone inflation seen higher (1000BST)
August flash inflation is due Tuesday at 1000BST. Having backed away in June, headline inflation again nudged higher in July, sitting at 2.2% y/y, above the ECB's new target rate of 2%. Prices are set to push higher again in August, with expectations for prices to rise 0.2% m/m, but jumping to 2.7% y/y.
Core inflation is expected to leap from 0.7% y/y in July to 1.5% in August. With the data coming just a weekahead of the ECB's September policy meeting, it will make for an uncomfortable press conference for President Christine Lagarde, even though she will likely commit to looking through it.
UK mortgage approvals to fall (0930BST)
UK money supply and bank lending data will be released at 0930GMT, with the number of mortgage approvals in the spotlight. July approvals are expected to fall to 78,300 from 81,300 in June, reflecting a paring back of the purchase tax support measures introduced to help the market through the pandemic months.
Amongst the policymaker speakers Tuesday is Bank of Canada deputy governor Lawrence Schembri.
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.