5 important things this week will bring us!
It seems like this week is about CPI and Brexit, although there is more news!
Euro zone inflation drops less than expected
In June, euro zone inflation went down, following more moderate energy price leaps, but the slowdown appeared to be less than expected by financial markets and the core measure of price surge the ECB keenly watches inched up more than expected.
According to the European Union's statistics office Eurostat, consumer prices in the 19 countries, sharing the common currency, tacked on 1.3% year-on-year in June, sliding from 1.4% in May and also 1.9% in April.
However, economists surveyed by Reuters had expected a much steeper sag to 1.2%. Additionally, they also expected inflation excluding energy and unprocessed food at 1%, the same outcome as in May.
In reality, in June core inflation surged to 1.2%, according to Eurostat data.
Meanwhile, the ECB is eager to keep headline inflation below, although close to 2% target over the medium term. Moreover, the EU’s key bank has been purchasing billions of euros worth of government bonds on the secondary market for the purpose of injecting cash into the economy and spurring faster surge.
Similar
China exports rally in September, generating record surplus with America
In September, China's all-mighty export engine suddenly kicked into higher gear, generating a record trade surplus with America that could potentially worsen the already-heated clash between the two leading economies…
Weekly CryptoNews
What has been happening on the cryptomarket during this week? Find out from our weekly crypto analytics!
Latest news
Forex today: easing geopolitical tensions
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
Common currency ascends ahead of euro zone data
On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…
Greenback edges down
On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…
Deposit with your local payment systems
