• Poland might renationalize strategically important companies trough an Act on National Security which will be discussed in the parliament after its holiday.
• Slovakia’s central bank increased its 2-week Repo rate according to expectations by 50bps to 4.5%. The intention is to limit the risk of inflation increase.
• According to its Minister of finance Hungary does not have an exact date for euro adoption and the year 2010 which is usually mentioned can not be considered as a fixed date.
• Consumer prices in Germany in July increased according to preliminary estimates by 0.5%. Should it be the case year-on-year inflation would move to 2.1% from 2.0% in June.
• Business environment index in Germany (Ifo) in July dropped to 105.6bps from 106.8bps in June and did not fulfil its expectations. Both components of the index dropped, current situation evaluation and outlook for the next six months as well.
• According to Conference Board US consumers confidence index increased to 106.5bps from 105.4bps in June.