August 12, 2025
United States:
US Core CPI Picks Up on Services, Goods Inflation More Subdued
Underlying US inflation accelerated in July to the strongest pace since the start of the year, though a tepid rise in goods prices tempered concerns about tariff-driven price pressures.
The core consumer price index, excluding the often volatile food and energy categories, increased 0.3% from June, according to Bureau of Labor Statistics data out Tuesday.
Europe:
Nagel Says Rates at ‘Very Good Level’ and ECB Can Act Flexibly
Euro-zone borrowing costs are appropriate for the continuing trade headwinds, allowing the European Central Bank to respond to further shocks as needed, according to Governing Council member Joachim Nagel.
“Key interest rates are currently at a very good level,” the Bundesbank president said Tuesday in emailed remarks. “From here, we can monitor how the economy develops. And we can react flexibly if necessary.”
Asia:
Japan’s Nikkei Hits Record High on Tariff Relief, Tech Rally
The Nikkei 225 Stock Average hit an all-time high on Tuesday as relief over US tariffs continued to fan optimism over the nation’s economic outlook, while tech shares led the rally.
The blue-chip gauge climbed as much as 2.8% before closing 2.2% higher at 42,718.17, joining the Topix in surpassing July 2024 peaks. Chip-related names jumped after Micron Technology Inc. raised its sales outlook, while memory maker Kioxia Holdings Corp. posted strong results.
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