German Inflation Rises to 2.8%, Oil Prices Continue to Climb
European markets were subdued as German inflation rose to 2.8% in July, matching estimates.
The Eurozone's largest economy has seen a steady increase in prices over the past few months, with this latest figure meeting expectations.
In other parts of Europe, Norway saw an improvement in its adjusted consumer confidence indicator, rising to -16.6 in Q3.
Meanwhile, Finland's current account surplus widened to €2,830M.