UBS On-Air: Paul Donovan Daily Audio 'Inflation firmly in focus'

There are some June consumer price inflation figures from provinces of the Euro empire today. Yesterday, Italian data slowed as anticipated. Spanish inflation deserves attention as the headline rate is comfortably below 2%, and the core rate (though higher) should continue to slow. German inflation is a different story, as there are no longer the beneficial effects of subsidized transport prices pushing the numbers lower.