Fundamental Reviews
• U.S. consumer prices fell in June for the first time in four years, according to data last week, and Canadian prices followed suit on a monthly basis. Earlier in Asia, New Zealand inflation slowed more than expected, but was contained by some domestic pressures that could be a cautionary tale. Unstable UK service price inflation stood at 5.7% year on year in May and is expected to reach a dismal 5.6% in June. Sterling held steady at $1.2978, just short of a one-year high, and rates markets have priced in the likelihood that the Bank of England will start cutting...
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