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30 Jul 2014
German CPI will grab all the attention in Europe – Danske Bank
FXStreet (Edinburgh) - Analyst Anders Fischer at Danske Bank observes the significance of the German data release.
Key Quotes
“In Europe focus will be on preliminary CPI data out of Spain and Germany, Spanish GDP for Q2 and the EU confidence indicators for July”.
“Spanish CPI is expected to decline into negative territory to -0.2% y/y, while German inflation is projected to drop to 0.7% y/y from 1.0% y/y in June”.
“We expect tomorrow’s euro flash CPI to print a new cycle low at 0.4% y/y in July from 0.5% in the previous two months”.
Key Quotes
“In Europe focus will be on preliminary CPI data out of Spain and Germany, Spanish GDP for Q2 and the EU confidence indicators for July”.
“Spanish CPI is expected to decline into negative territory to -0.2% y/y, while German inflation is projected to drop to 0.7% y/y from 1.0% y/y in June”.
“We expect tomorrow’s euro flash CPI to print a new cycle low at 0.4% y/y in July from 0.5% in the previous two months”.