USDCAD TECHS: Trades Through The 50-Day EMA
Aug-29 07:05
* RES 4: 1.4111 High Apr 10 * RES 3: 1.4019 38.2% retracement of the Feb 3 - Jun 16 bear leg * RES 2...
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MNI: SWISS KOF JUL ECONOMIC BAROMETER 101.1
Jul-30 07:00
- MNI: SWISS KOF JUL ECONOMIC BAROMETER 101.1
MNI: SPAIN JUL FLASH HICP -0.4% M/M, +2.7% Y/Y
Jul-30 07:00
- MNI: SPAIN JUL FLASH HICP -0.4% M/M, +2.7% Y/Y
- MNI: SPAIN JUL FLASH CPI -0.1% M/M, +2.7% Y/Y
- MNI: SPAIN JUL FLASH CORE CPI +2.3% Y/Y
EUROPEAN INFLATION: Spanish Inflation Slightly Higher-than-expected In July
Jul-30 07:00
- Spanish flash July HICP was a tenth above consensus on a rounded basis at 2.7% Y/Y (vs 2.6% cons, 2.3% prior). Core HICP (excluding energy and unprocessed foods) was estimated at 2.3% Y/Y (vs 2.2% prior).
- Flash CPI was also 2.7% Y/Y (vs 2.4% cons, 2.3% prior), with core CPI at 2.3% Y/Y (vs 2.2% cons and prior).
- The slighty higher-than-expected core CPI reading suggests services, non-energy industrial goods or processed foods components were behind the surprise in July, even if most of the annual acceleration came from energy. The press release notes that the Y/Y increase “is mainly due to the increase in electricity prices, compared to the decrease in July 2024 and, to a lesser extent, to the increases in fuel prices”.
- There was some uncertainty amongst analysts on the impact of public transport prices on July inflation, but unfortunately there is no colour on core components in the flash release. Final July data is due on August 13.
- For context, Spain represents 12% of the Eurozone HICP basket in 2025
