MNI: UK BOE JUL MORTGAGE APPROVALS 61,985
- MNI: UK BOE JUL MORTGAGE APPROVALS 61,985
- UK BOE JUL SECURED LENDING GBP2.79 BLN
- UK BOE JUL CONSUMER CREDIT GBP1.22 BLN
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EUROPEAN INFLATION: Dutch HICP Accelerates to 3.47% Y/Y, Driven By Services
Dutch flash HICP inflation rose to +3.47%Y/Y in July, up from +3.36% in June, and firmer than the +3.3% expected (although consensus only consisted of 4 submissions). This equates to a +1.26% sequential increase (+0.17% June). Core HICP inflation accelerated to 3.41% from 3.14% in June - driven by accelerating services inflation.
- Specifically, on services, the Y/Y print increased for the third consecutive time, to +5.76% from +5.43% in June.
- Non-energy industrial goods meanwhile continued printing in deflationary territory, coming in at -0.69% Y/Y (vs -0.48% June).
- Inflation in the food, alcohol and tobacco category increased to +5.34% Y/Y (vs +4.34% June).
- Energy printed almost flat on the yearly comparison, at +0.06% Y/Y (vs +3.44% prior).
- The national CPI meanwhile rose to 3.7% Y/Y (vs 3.2% May).
- For reference, Netherlands represents 5.7% of the overall 2024 Eurozone HICP basket.
MNI, cbs.nl
MNI EXCLUSIVE: MNI INTERVIEW: EC To Go Easy On Fiscal Rules Due Sell-Off Fear
MNI interviews senior EU parliamentarian on fiscal rules -- On MNI Policy MainWire now, for more details please contact sales@marketnews.com
BONDS: Bund and Treasuries are pushing higher
Bund is slowly extending towards the 2.30% level in Yield, a Psychological mark, but also the 50% retrace of the Dec/June range.
Today reference 133.69, this level is slightly higher.
- 2.30% = 133.84 vs 133.82 yty.
- 2.25% = 134.37.
- 2.20% = 134.90 (~61.8% retrace).
Looking at the US 10yr (TYU4), printed at 111.21 high yesterday, while the next area of interest in Yield, comes at 4.10%, will be watched by Cash and Swap traders.
- Today, this would equate to circa 111.27.
