Weak Euro Area PMIs Raise Concerns Over Growth Outlook

The Japanese yen has been drifting since late last week and is calm on Monday. USD/JPY is trading at 156.85, down 0.09% on the day at the time of writing. Ueda: BoJ will proceed with caution The Bank of Japan has been outlier, as it looks to raise interest rates at a time when other […]

US inflation data was the centre of attention this week for financial markets, as price pressures remain elevated. Monthly core CPI inflation of 0.4% for the second consecutive month is too high for the Fed as strong wage growth pushes service prices higher at an annualised 7% pace. Markets zigzagged somewhat on the release but […]

In focus today Danish CPI is due this morning, and we expect inflation to decline from 1.8% in June to 0.9% in July, as last year’s temporary suspension of the electricity fee exits the inflation measure. In the week ahead, we will watch out particularly for US inflation for July, due on Wednesday. We will […]