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.
Inflation data is to the fore Wednesday, with German, Italian and U.S. data for July set for release.
Confirmation of higher prices in Germany (0700 BST)
German inflation will be confirmed higher Wednesday, with the harmonised (HICP) just below 3%. Month-on-month, July data is set to rise 0.5%, with y/y data up 3.1% -- a sharp increase on June's 2.1%.
According to Destatis, the German stats agency, the "further increase of the inflation rate in July is caused, in particular, by a base effect: the value-added tax rates were temporarily reduced in July 2020 on account of the coronavirus crisis."
US price gains to remain elevated (1330 BST)
U.S. CPI growth likely slowed in July, with Bloomberg forecasting a 0.5% gain following June's 0.9% increase. From a year earlier, CPI should grow 5.3% after rising 5.4% in June, according to Bloomberg. Excluding food and energy prices, CPI should be up 0.4%, according to Bloomberg, after rising 0.9% in June. From one year ago, core CPI should increase 4.3%, just shy of June's 4.5% y/y gain.
Once again, its the Fed who set the scene with speakers, as New York Fed official Lorie Logan, Atlanta Fed President Raphael Bostic and Kansas City Fed's Esther George are all on the slate.
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.