Yen Slides After BOJ Rate Hike as Dollar Holds Near Seven-Week High 
Asian Stocks Rise as Oil Falls, BOJ Rate Decision in Focus 
Trump Threatens EU Tariffs Over Canada Membership Proposal 
Bolivia Approves $1.9 Billion IMF Financing Deal 
Asian Currencies Mixed as Dollar Holds Gains After Fed Rate Hike 
Bessent, He Lifeng to Discuss AI Security and Trade in New York 
East Germany Narrows Economic Gap With West but Wealth Divide Persists 
Venezuela Nears Deal to Move $4 Billion in Gold to New York Fed 
Mexico Pushes for US Trade Deal Before Midterms 
Gold Prices Rise as Oil and Treasury Yields Fall 
Asian Chip Stocks Rally as Treasury Yields Ease 
Trump Hopes Iran War Nears End as Yemen Fighting Escalates 
Add as a preferred source on Google
Germany final HICP inflation is unlikely to show any changes from its flash estimate. The final HICP inflation is expected to come in at 0.2 percent year-on-year, noted Societe General, confirming the flash estimate. The German national CPI is also expected to be confirmed at 0.3 percent year-on-year, added Societe Generale.
The flash estimate had showed that the energy component, in the headline CPI, came in weak at -6.4 percent year-on-year, as compared with -7.9 percent year-on-year in May. Meanwhile, the food prices rebounded slightly to 0.1 percent year-on-year following weak prints in the earlier two months.
According to Destatis press release, the core CPI inflation continued to be stable at 1.3 percent year-on-year as acceleration in services inflation of 1.4 percent y/y was countered by lower non-energy industrial goods prices.
Meanwhile, the final HICP inflation for France is also likely to have remained unchanged from the flash estimate of 0.3 percent year-on-year in June, according to Societe Generale. This is the highest rate since January 2016.
Moreover, the national CPI measure is expected to be confirmed too at 0.2 percent year-on-year. The year-on-year rise is due to rebounding petroleum products’ prices, the fourth straight rise.
According to the flash estimate, energy component came in an -3.1 percent year-on-year in June, lesser annual decline from -5.7 percent year-on-year in May. Food prices, which were impacted by the seasonal drop in fresh foodstuffs’ prices, rise 0.6 percent year-on-year.
Amongst other components, services inflation remained steady at 1 percent year-on-year, whereas manufactured products prices rebounded two ticks to -0.4 percent year-on-year.
