US Shares Rising
US futures are about to improve, as S&P 500 and Dow are touching peaks. The US will release employment cost index, which so far remains mildly soft. Meantime, the single currency has dropped. In the second quarter, Eurozone economy saw 2.5% gain versus 2016, unemployment turned up under 9% for the first time in eight years. Still, Consumer Price Index fell 1.4%, core prices declined to 0.9%. The data should prompt European Central Bank to become more decisive with policy tightening.
Japanese unemployment stays at 2.8%, annualized growth at 2.5% and inflation at two and a half years maximum of 0.7%. Bank of Japan didn’t change its policy but lowered its inflation projections. Yen has fallen, it’s trading near its half a year minimum against the greenback.