Trump Signs Executive Order Threatening 25% Tariffs on Countries Trading With Iran 
Asian Stocks Slip as Tech Rout Deepens, Japan Steadies Ahead of Election 
Trump’s Inflation Claims Clash With Voters’ Cost-of-Living Reality 
Russian Stocks End Mixed as MOEX Index Closes Flat Amid Commodity Strength 
China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices 
Silver Prices Plunge in Asian Trade as Dollar Strength Triggers Fresh Precious Metals Sell-Off 
FxWirePro: Daily Commodity Tracker - 21st March, 2022 
South Africa Eyes ECB Repo Lines as Inflation Eases and Rate Cuts Loom 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
Fed Governor Lisa Cook Warns Inflation Risks Remain as Rates Stay Steady 
Euro area’s final HICP inflation for the June is likely to come in same as the flash reading. According to a Societe Generale’s research report, the final HICP inflation for euro area is expected to confirm the flash estimate of 0.1 percent year-on-year in June, slightly higher than in May. This reading would be the highest since January 2016. According to the flash estimate, core inflation of the currency bloc rebounded slightly to 0.9 percent year-on-year.
Energy component recovered, declining 6.5 percent year-on-year, as compared with the decline of 8.1 percent year-on-year in May. Meanwhile, food prices continued to stay stable at 0.9 percent year-on-year. The slight rise in core inflation was due to a mild rebound in services inflation.
Non-energy industrial goods prices weakened slightly. The headline HICP inflation for the euro area is expected to continue improving noticeably in the second half of 2016 because of base effects from energy prices. Meanwhile, core inflation is expected to rebound gradually, said Societe Generale.
