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31 Jul 2014
All eyes on EMU’s CPI – Danske Bank
FXStreet (Edinburgh) -Chief Analyst Arne Rasmussen remarks the importance of today’s release in the EMU.
Key Quotes
“We expect euro flash CPI for July to reach a new cycle low at 0.4% y/y (consensus 0.5% y/y) down from 0.5% y/y in June”.
“Releases out of Germany and Spain yesterday showed a decline to 0.8% y/y (from 1.0% y/y) and -0.3% y/y (from 0.0% y/y),suggesting that we are also going to see lower overall euro inflation in July”.
“Euro unemployment rate is expected to stay unchanged at 11.6% after falling last month”.
“The unemployment rate has started to trend gradually lower after hitting a peak in Q3 last year at 12.0%”.
Key Quotes
“We expect euro flash CPI for July to reach a new cycle low at 0.4% y/y (consensus 0.5% y/y) down from 0.5% y/y in June”.
“Releases out of Germany and Spain yesterday showed a decline to 0.8% y/y (from 1.0% y/y) and -0.3% y/y (from 0.0% y/y),suggesting that we are also going to see lower overall euro inflation in July”.
“Euro unemployment rate is expected to stay unchanged at 11.6% after falling last month”.
“The unemployment rate has started to trend gradually lower after hitting a peak in Q3 last year at 12.0%”.