German Inflation Not Bad
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Germany reported inflation in line with expectations at 2.2 percent harmonized CPI. Low inflation in Germany is important because it allows the ECB wiggle-room regarding easing monetary policy.
The German public is terrified of inflation and panic is growing following a statement by a member of parliament who said last week that Germany will have to deal with increased inflation to help rebalance problems in the EU. Germany's largest newspaper responded by printing a headline that read "Inflation Alarm!"
iShares MSCI Germany Index (NYSE: EWG), an ETF that tracks German stocks is expected to open flat, in line with DAX which is down 0.2 percent overnight.
The German public is terrified of inflation and panic is growing following a statement by a member of parliament who said last week that Germany will have to deal with increased inflation to help rebalance problems in the EU. Germany's largest newspaper responded by printing a headline that read "Inflation Alarm!"
iShares MSCI Germany Index (NYSE: EWG), an ETF that tracks German stocks is expected to open flat, in line with DAX which is down 0.2 percent overnight.
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