German Inflation as a Bellwether for Euro Area Inflation on Thursday

In focus today In the US, the focus will be on April CPI. We forecast headline inflation at +0.4% m/m SA, as energy inflation has been boosted by rising oil prices. Core inflation is likely to tick slightly lower to 0.3% m/m SA, driven especially by further disinflation in housing services. Recently, leading data has […]

This morning, news about inflation in Japan was published. It did not bring any surprises — inflation in Japan is gradually weakening as expected. Core CPI in annual terms: actual = 2.3%, forecast = 2.5%, a month ago = 2.6%, a year ago = 3.0%. We also note that the official position is aimed at […]

The British pound is drifting on Wednesday. In the European session, GBP/USD is trading at 1.2784, down 0.06%. UK GDP expands 0.2% in January It wasn’t a spectacular rebound but the UK economy showed some slight improvement, with GDP rising 0.2% m/m in January. This modest gain was in line with market expectations and followed […]