Global Market: Euro Zone firms see slower price and wage growth, ECB survey shows

An ECB survey showed Euro Zone firms expect slower price and wage growth over the next year, with selling price inflation expectations easing to 3.2% from 3.5% and wage growth expectations falling to 2.5% from 2.8%. Non-labour input cost growth expectations declined to 5.2% from 5.8%, though longer-term inflation expectations remained stable at 3.0% for one and three years ahead. The ECB is widely expected to hold rates this week, but rising oil prices have strengthened bets on a potential rate hike at its September meeting.