The Consumer Price Index (CPI) of the eurozone came in below expectations in August, after the revised data showed that inflation rose by a smaller 0.1 percent against the flash estimate of a 0.2-percent increase.
The pound sterling fell to 27-month lows against the greenback on July 16, after Boris Johnson and Jeremy Hunt, frontrunners to succeed outgoing UK Prime Minister Theresa May, hardened their Brexit pitches over the Irish backstop.
Germany’s seasonally adjusted retail-sales figure surged 3.3 percent month-on-month in January to its highest level since October 2016, rebounding sharply from a downwardly revised -3.1 percent in December, according to the Federal Statistical Office of Germany.
The Governing Council of the European Central Bank (ECB) left key interest rates unchanged, in line with market expectations, following its September monetary-policy meeting. Interest rates on main refinancing operations currently stand at 0.00 percent
Eurozone annual consumer inflation edged up to 2.1 percent in July 2018, continuing its upward streak after recording a 2-percent growth in June. The annual inflation figures, the highest since December 2012
The IHS Markit Eurozone Manufacturing PMI (Purchasing Managers’ Index) came in at 56.2 for April, below the 56.6 reported in March and higher than the flash estimate reading at 56.
The 2018 Italian election is proving to be a hard battle between the center-right bloc and the Five Star Movement (M5S), a Euro-skeptic party. As the outcome of the March election shows, the fight is evident as the vote split the country in half.
Consumer price inflation has remained a concern both in the eurozone and the United Kingdom. While in the UK, inflation has been lingering at the 3-percent mark for the last few months after climbing to 3.1 percent in November of last year
The US dollar is edging higher versus its key counterparts in December, as central banks from the UK, US and eurozone meet separately to take stock of the performance of their respective economies and announce their monetary-policy verdicts for the last time this year.
Japan has traditionally had an affinity towards an eased monetary policy. The Bank of Japan (BoJ) has over the last decade or so stuck to lower interest rates and on-and-off bond-buying, even while fighting to push the inflation level to 2 percent.