No big surprises in euro-zone inflation: headline inflation continues rising, reaching 2% as expected. Core inflation remains stuck below 1%, with a third consecutive month at 0.9% y/y. PPI is up 0.7% m/m, above 0.6% expected. The unemployment rate is at 9.6%.
The Chinese yuan and the Indian rupee are expected to weaken, although less than previously thought, reversing recent gains as rising chances of a U.S. interest rate hike this month boost the dollar, a Reuters poll found.
Most people are well aware the financial situation in Venezuela is precarious. The country has been struggling with money for quite some time. Just two years ago, Venezuela had US$20bn in foreign reserves. Today, that number has almost halved.
Next trading day's important events
- USDJPY: 114.34
- EURUSD: 1.0513
- S&P 500: 2395.96
- NASDAQ: 5904.03