Over in the eurozone this morning, we have the latest reading on producer price inflation for Germany.Producer price inflation is also known as "pipeline" inflation, because it measures the costs of raw materials, and the prices of goods as they leave factories, rather than prices on the high street.If prices are rising at the producer level, then in the longer run, that is highly likely to feed through to consumers.
However, one thing that Germany and the wider eurozone is not worried about right now, is inflation. Inflation is exactly what the European Central Bank wants to create more of.But with the German economy slowing, we're unlikely to see much sign of that.
We also get the latest consumer confidence reading for the eurozone as a whole.Confidence deteriorated a little last month. While consumers remain quite happy about their personal circumstances which mainly reflects strong labour markets across most of the region they are increasingly nervous about the overall outlook.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
-
François Bayrou appointed as France's new prime ministerFrançois Bayrou becomes France's new PM after a no-confidence vote ousts Michel Barnier.
-
South Korean won hits 15-year lowAfter Yoon Suk Yeol's failure to declare martial law, South Korean markets are reeling, with the weakest won since 2009. Will this worsen the Korea discount?
