A look at the day ahead in European and global markets from Ankur Banerjee
After German inflation bucked the trend and rose more than expected in June, the spotlight will firmly be on euro zone and French inflation reports, with investors wondering if the German data was just a blip or something worse.
While German consumer prices - harmonised to compare with other European Union countries - rose by a higher-than-anticipated 6.8% on the year in June, inflation slowed sharply in Spain and Italy. The hawkish rhetoric was shared by other major central banks including U.S. Federal Reserve Chair Jerome Powell, who signalled the U.S. central bank was ready to resume its rate-hike campaign.
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