Switzerland CPI (Y/Y) Jul: 0.2% (est 0.1%; prev 0.1%)
- CPI (M/M): 0.0% (est -0.2%; prev 0.2%)
- CPI Core (Y/Y): 0.8% (est 0.6%; prev 0.6%)
Inflation in Switzerland turns out to be higher than expected, although the Swiss franc is losing value against the US dollar. This data will probably help to reaffirm a pause for the SNB as they look towards the latter stages this year.
US100 down 1.5% amid rising inflation fears and geopolitical tensions
Gold slumps 2.5% as Trump vows the escalation in the Middle East
Chart of the day: OIL rebounds sharply on Trump's Iran speech 🛢️ 📈 US will abandon Hormuz❓(02.04.2026)
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