German inflation continues to remain a sticking point for the ECB as they pause through the summer. The latest core annual inflation reading was at 2.8% in May, with headline annual inflation seen at 2.1%. The latter is estimated to climb a little to 2.2% in June, reaffirming that the ECB still has work to do in bringing price pressures down in Europe’s largest economy.
Here’s the agenda for today:
0800 GMT – North Rhine Westphalia0800 GMT – Hesse0800 GMT – Bavaria0800 GMT – Baden Wuerttemberg0800 GMT – Saxony1200 GMT – Germany national preliminary figures
Do note that the releases don’t exactly follow the schedule at times and may be released a little earlier or later.
This article was written by Justin Low at www.forexlive.com.