EUR: ZEW confirms poor trade deal reception – ING

The ZEW surveys published yesterday confirmed the poor reception of the US-EU trade deal in the EU. The 'expectations' gauge in Germany is back to 35, in the eurozone to 25, both the lowest since May, ING's FX analyst Francesco Pesole notes.

EUR/USD’s bullish case is stronger after US inflation report

"However, markets aren’t giving the surveys too much weight, and pricing for the ECB December meeting has crept closer to -10bp from -15bp last week. We continue to see this pricing as too conservative and a potential vulnerability for the euro moving on. But that is unlikely to play out over the next couple of weeks and should be overshadowed by the Fed story."

"EUR/USD’s bullish case is stronger after yesterday’s US inflation report. However, a break above might be delayed until after the Trump-Putin meeting on Friday."

Aug 13, 2025

Dow Jones futures rise as US inflation data fuels Fed rate cut hopes

Dow Jones futures edged up in early European trading on Wednesday, ahead of the regular United States (US) market open, hovering near 44,600 with a 0.09% gain. S&P 500 futures climbed 0.12% to above 6,450, while Nasdaq 100 futures advanced 0.19%, trading above 23,900.

US July inflation: Headline a bit under, core a bit over expectations – UOB Group

Headline CPI was restrained by muted food inflation, weaker energy prices, but core CPI inflation picked up to the fastest pace year-to-date, driven by reaccelerating services costs but held back partly by subdued goods inflation, UOB Group's Senior Economist Alvin Liew notes.