Trends still suggest that a glass-half-empty approach to inflation is more realistic, they say: inflation is above targets in most developed markets, core inflation remains sticky, and the decline is partly now attributable to base effects. But Japan held rates in negative territory and China cut its rates to support growth. "We don't believe the share price gives full credit to AML meeting its near-term (2024/25) targets," Goldman analysts write, upgrading it to buy from neutral. (christian.moess@wsj.com)---Whitbread Seen Benefiting From Germany's Rebound1133 GMT - Whitbread's largest source of upside to its long-term equity story is Germany, Jefferies analysts say in a note. The company's position has been to let the trading do the talking--and it is talking--the analysts say, adding that if 3Q trading continues to be strong September should see forecast upgrades.

Source: Wall Street Journal July 19, 2023 15:31 UTC