The latest consumer expectations survey from the European Central Bank showed that one-year inflation expectations slowed to 3.4% from 3.9% while three-year expectations slowed to 2.3% from 2.5%.
Germany’s July CPI 0.3% m/m, as expected (last 0.3%); 6.2% yr/yr, as expected (last 6.4%)
France’s June trade deficit EUR6.7 bln (expected deficit of EUR8.0 bln; last deficit of EUR7.9 bln).
June Current Account surplus $800 mln (expected deficit of $400 mln; last deficit of $700 mln)