Inflation slows its run in the United States. Consumer prices rose 8.5% in July, less than the 8.7% expected by analysts and 9.1% in June. (HANDLE). (HANDLE)
Inflation slows its run in the United States.
Consumer prices rose 8.5% in July, less than the 8.7% expected by analysts and 9.1% in June.
European stock exchanges improve after slowing US inflation data. In the Old Continent there was a net increase for Milan, which earned 1%. Positive also Frankfurt (+ 0.9%), Paris and Madrid (+ 0.5%), London (+ 0.2%) |
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In Europe, ten-year government bond yields are down sharply after slowing US inflation.
The spread between BTP and Bund drops to 208 points, compared to 210 at the start of the session. The yield of the Italian ten-year falls to 2.94%.
The rates of the 'peripheral' countries also fell with the Spanish ten-year rate at 1.95% (-5.4 basis points) and the Greek rate at 3.1% (-6.6 points). |
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The slowdown in inflation is linked to the drop in gasoline prices and air fares.
On a monthly basis, consumer prices remained unchanged, while the core index - the one excluding food and energy and monitored by the Fed - recorded an economic increase of 0.3%.
The slowdown in prices, which in any case remain not far from the highs of the last 40 years, is good news for the White House and the Fed, which are at the forefront of the fight against inflation
