Eurozone inflation figures amongst market movers today – Danske Bank

The first inflation figures in the euro area for July are due for release with the German, French and Spanish figures and are going to be the market movers for the day, according to analysts at Danske Bank.

Key Quotes

“The euro appreciation during July should not yet result in lower inflation, but we look for the German HICP inflation figure to go lower as package tours should be less supportive.”

“We will also get information about economic growth in the euro area in Q2 with the French and Spanish GDP growth figures due for release.”

“US GDP growth is also due for release and we have a below-consensus forecast of 2.3% q/q AR, reflecting slower growth in private consumption and less contribution from fixed investments than expected when entering the quarter.”