Today is the day of publication of the consumer price indices from the key regions: Germany, Spain, and the USA. The day began with the publication of the NAB business confidence index in Australia, which increased twice compared to the level reached in June. As a result, the AUD managed to recover after the fall last week. However, the demand for risky assets remains high. In particular, the yen is trading near a 7-month maximum, and Gold is confidently holding above the level of $1510.
Consumer price indices have already been published in Germany and Spain and show weak inflation processes at 0.5%. Also from Germany, investors expect the publication of the index of economic sentiment, which has been gradually declining in last few months. In the UK, data on the employment market was published, which turned out to be mixed: the unemployment rate rose by 0.1% in June, contrary to investors' expectations, but the number of new applications for unemployment benefits decreased.
In the second half of the day, as already mentioned, the publication of the CPI in the United States, and later in the evening the data on weekly oil reserves in the United States are expected. At the same time, oil is slightly changing in price this week, keeping in the range of 54.4-55.2 dollars per barrel of CL/WTI.
