July 13, 2018 / 10:21 AM / 4 months ago

Market gauge of euro zone inflation falls to six-week low

LONDON (Reuters) - A key market gauge of long-term inflation expectations in the euro zone fell to its lowest level in six weeks on Friday, reflecting a view that global trade tensions could dampen economic growth and inflation.

The five-year, five-year breakeven forward rate — a measure tracked by the European Central Bank — fell to 1.7070 percent EUIL5YF5Y=R on Friday, a level last seen on May 31.

It has fallen sharply in recent days and is down from a high of 1.75 percent hit last month.

Reporting by Dhara Ranasinghe

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