The leading indicator of the CPI annual variation stood at -0.1 % in August, five tenths higher than that recorded in July The annual rate of HICP flash is -0.3 %. The estimated CPI in August 2016 annual inflation is -0.1 % , according to the leading indicator compiled by the INE.
This indicator provides a preview of CPI , if confirmed , would be a increase of five tenths in the annual rate , since in July this change was -0.6 %. This increase is explained mainly because prices of fuels ( diesel and gasoline) down less than last year.
Euro is currently being traded around 1.1170 level. Pair is likely to find support around 1.1150 handle and resistance above 1.220 area.
UK still likely to leave the EU with a negotiated agreement, says Number 10
Sentix Investors Confidence rose to 14.7 in August
German factory orders -4.0% seasonally adjusted on the previous month
China's July exports growth still seen holding up despite U.S. tariffs: Reuters poll
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