UK CPI rises above expectations in May

Consumer prices have risen 0.6% in May from April, and 2.2% in the last 12 months; well above the market expectations of a 0.3% monthly and a 2.0% year on year increase. Pound's recovery has extended to levels above 1.6400.

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Israel's May CPI Up 0.4% On Month

Israel's consumer price index for May rose 0.4% on the month, putting annual inflation at 2.8%, within the government's target range of between 1% and 3%, said the Central Bureau of Statistics.

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The Pound extends recovery to levels above 1.6400

The Pound is soaring after UK CPI posted the lowest year on year increase in 18 months, and bounce at 1.6210 extends to levels at 1.6430 resistance.
In case of further climbing above 1.6430, next resistance levels

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Euro-Zone Inflation Stalls At Record Low In May

The euro zone's annual inflation rate dropped to a record low of zero in May, cementing expectations it will turn negative in the coming months due to the drop in fuel prices over the past year, final official data showed Tuesday.

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East Europe May Inflation Rates Too High For Euro-Zone Entry

None of the eastern European candidates to join the euro zone had inflation rates low enough to do so in May, according to figures released Tuesday by European Union statistics agency Eurostat.

Poland and other eastern European members of the European Union have said they want to secure rapid entry into the euro zone as their currencies have come under pressure with the withdrawal of foreign capital in response to the global financial crisis.

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Euro-Zone 1Q Labor Costs +3.7% YY Vs +4.0% YY 4Q

Labor costs in the 16 countries that use the euro eased in first quarter of 2009 from the record high rate in final quarter of 2008, while wage costs also dropped back over the same period, European statistical agency Eurostat said Tuesday.

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German June ZEW Economic Expectations 44.8 Vs 31.1 In May

German economic expectations in June rose to 44.8 from 31.1 in May as experts predict a recovery will start by year-end, the Center for European Economic Research said TuesdayThis is the highest reading since May 2006

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Euro returns to levels above 1.3900 after ZEW data

The Euro has extended its gains after the sharp improvement of German ZEW Economic Expectations Index and, rebound from 1.3745 low has reached an intra-day high at 1.3922.

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