Breadth divergence is a troubling sign for the stock market

German inflation rate fell in June thanks to temporary government interventions

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Germany’s annual rate of inflation fell in June, confirming the first estimate, as there was a respite because of temporary government interventions.

According to final data released by German statistics office Destatis on Wednesday, consumer prices rose 7.6% on year measured by national standards, in line with the forecast by economists in a Wall Street Journal poll. In May, consumer prices rose 7.9%, posting the highest reading since December 1973.


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