Good Morning Traders! This Tuesday brings us German inflation data in the form of CPI and HICP.
Here is what to be aware of.
Sentiment
China's exports declined for the third month in a row in July, as global demand fell, while imports fell as domestic pressures hampered the economy's growth.
Moody's Investors Service downgraded credit ratings for ten small and mid-sized US banks and said it may downgrade big lenders such as US Bancorp, Bank of New York Mellon, State Street, and Truist Financial as part of a broad examination of the industry's rising difficulties.
Wage growth in Japan unexpectedly slowed in June, signalling that the labour market may be losing speed and casting doubt on the Bank of Japan's target of sustained inflation.
Despite the drop in worldwide commodity markets, Bank of England Chief Economist Huw Pill believes UK supermarket prices will never return to their prior levels.
Docket
02:00 AM ET
German CPI Final YoY
Median Forecast 6.2%| Prior 6.2%| Range 6.2%/6.2%
German HICP Final YoY
Median Forecast 6.5%| Prior 6.5% | Range 6.5%/6.5%
04:00 AM ET
ECB Consumer Expectations Survey
Good Luck Today Traders!
