π 2.9% β inflation jumped, and the Bank's gauge cooled
UK inflation rose to 2.9% in July on energy bills β yet services inflation, the Bank of England's watched gauge, eased. One report, three thermometers.
UK inflation rose to 2.9% in July on energy bills β yet services inflation, the Bank of England's watched gauge, eased. One report, three thermometers.
Britain's average pay grew 3.5% β public wages up 6.1%, private just 2.8%. What one average hides, and why tomorrow's inflation print is the real test.
The USβIran memorandum lapsed with Hormuz still shut, and Brent barely moved. What a non-reaction tells you, plus the week UK inflation takes the stage.
Britain's economy grew 0.4% last quarter β a slowdown hiding a June rebound. How one GDP report tells two true stories, and oil's six-day run ends.
Germany confirmed July inflation at 2.8% this morning, with energy up 8.3%. How a Gulf strait ends up on a German price tag, in plain words.
Oil jumped as the Hormuz standoff hardened. Europe's indices barely moved β but the Bund yield did, and that chain is today's reading lesson.
Europe's record run edges into Monday: DAX near 26,400, Bund at 3.13%, euro steady. This week: German inflation Wednesday, UK GDP Thursday.
Europe's broadest index finished at an all-time high for a fourth day running β Frankfurt, London, and the why behind it, in plain words.
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Europe's day, read right. Daily market numbers explained for beginners β no advice, just fluency.