German final July HICP was unrevised from the flash readings at 1.8% Y/Y (2.0% prior) and 0.4% M/M. ...
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Our commodities team notes that the earlier move higher in oil has almost completely reversed having lacked any real clear driver. The market still awaits any news from U.S. President Trump about potential Russia sanctions as speculation grows around his “major announcement”.
0NU5 96.80/97.10 1x1.5 call spread paper paid 4 on 10K.