Previous Trading Days Events 02.07.2024

Eurozone inflation eased last month but a crucial services component remained stubbornly high.

In June, consumer inflation in the 20 nations sharing the euro currency slowed to 2.5 from 2.6 a month earlier. This is in line with expectations in a Reuters poll of economists, as a rise in energy and unprocessed food costs moderated.

This closely watched core inflation figure held steady at 2.9, coming above expectations for 2.8, mostly on a continued 4.1 rise in services prices.

The figures are unlikely to provide the ECB much clarity on where prices are heading and ECB President Christine Lagarde already said that more time is needed to be certain, so there should be no hurry to ease policy further.

Source httpswww.reuters.commarketseuropeeurozoneinflationeasestouchservicescostsstuck20240702

Winners vs Losers

Metals reached the top this week with gains of 3.40 for Silver and 0.90 for Gold. JPY pairs follow JPY as quote currency since the JPY is weakening further and further.

News Reports Monitor Previous Trading Day 02.07.2024

Server Time Timezone EEST UTC 0300

Midnight Night Session Asian

No important news announcements, no important scheduled releases.

Morning Day Session European and N. American Session

Inflation from major regions so far shows that inflation could be more aggressive than expected or kept stable as price pressures seem to be high enough. ECB now sees a higherthanexpected Core figure…