- German CPI +0.5% on month in July (as expected) vs +0.1% in June; on year, inflation +1.9% (as expected) vs +1.8% previously.
- Harmonized CPI +0.4% on month (as expected) vs +0.1%; on year, HCPI unchanged at +1.9% (as expected).
- Wholesale price index -0.3% on month vs -0.4% in June and consensus of +0.1%. On year, WPI flat vs +0.7% and +0.6%.
- Relevant ETFs - Stocks: FGM, EWG, GERJ, EWGS, DBGR. Bonds: BUNL, BUNT, BUND, GGOV. Euro: FXE, ERO, ULE, URR, EUO, DRR, EUFX (PR)
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