European Calendar Kicks off with German Import Price Index

The European calendar data started with the German Import Price Index, Month on Month, came in beating analyst’s forecasts at -0.1% for May. The Germany Import Price Index, Year on Year, came in at -0.2%, better than analyst’s expectations of -0.3% for May.

In France the Consumer Price Index, Year on Year, came in at 1.4%, beating analyst’s expectations of 1.1% for June. INSEE released the May consumer spending which came at +0.4% versus +0.3% expected by traders.

There is no reaction for EURUSD from the news, the pair is trading unchanged at 1.1365 in narrow trading range.

The Norway Credit Indicator also released, with a reading at 5.6%, below markets  expectation of 5.7% in May and the Denmark Gross Domestic Product, Quarter on Quarter, shrunk from previous 0.2% to 0.1% in first quarter of 2019.

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