Trump Endorses Japan’s Sanae Takaichi Ahead of Crucial Election Amid Market and China Tensions 
Bank of Japan Signals Readiness for Near-Term Rate Hike as Inflation Nears Target 
Oil Prices Slide on US-Iran Talks, Dollar Strength and Profit-Taking Pressure 
Trump Lifts 25% Tariff on Indian Goods in Strategic U.S.–India Trade and Energy Deal 
Russian Stocks End Mixed as MOEX Index Closes Flat Amid Commodity Strength 
Trump Signs Executive Order Threatening 25% Tariffs on Countries Trading With Iran 
Trump’s Inflation Claims Clash With Voters’ Cost-of-Living Reality 
Dow Hits 50,000 as U.S. Stocks Stage Strong Rebound Amid AI Volatility 
Vietnam’s Trade Surplus With US Jumps as Exports Surge and China Imports Hit Record 
Thailand Inflation Remains Negative for 10th Straight Month in January 
Germany’s consumer price index in July rose 0.4 percent year-on-year, consistent with consensus expectation, stated Germany’s official statistics office Destatis. Inflation measured by the CPI rose slightly for the third straight month. On sequential basis, consumer price index was up 0.3 percent last month.
The rise in inflation was mainly driven by food and services prices. Food prices rose 1.1 percent year-on-year, driven mainly by vegetable and fruit prices that increased 8.6 percent and 6.2 percent respectively. On the contrary, fall in energy prices had a downward effect on the overall inflation.
Energy prices dropped 7 percent on annual basis. The drop in energy prices accelerated slightly year-on-year when compared with the past few months.
Consumers have gained particularly from mineral oil products’ prices that dropped in July 2016 by 12.8 percent year-on-year. Other energy products’ prices also fell on a year-on-year basis. According to Destatis, the inflation rate excluding energy prices would have been 1.3 percent in July.
