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CNH/EUR News
Market Talk Roundup: Eurozone Inflation Rises, But ECB Still Expected to Cut Rates
China Business Sector Edges Into Expansion in October: PMI Report
Express News | Citi Macro: Rising inflation in the eurozone may not deter the European Central Bank from accelerating interest rate cuts.
Eurozone Inflation up to 2% in October as Unemployment Hits New Record Low
Express News | Ing Groep: Wage pressures in the eurozone have not yet abated.
USD Slips as Data Lift EUR – Scotiabank
Euro-area Flash Inflation: Back to Target – Nordea
Eurozone inflation accelerated in October, with the harmonized CPI up 2% year-on-year, exceeding expectations.
Today's slightly higher-than-expected inflation data, combined with yesterday's release of economic data in europe that exceeded expectations, has led investors to already scale back bets on a larger interest rate cut by the European Central Bank in 2024.
Although inflation in the euro area is higher than expected, it has already met the European Central Bank's target.
On October 31st, the inflation rate in the eurozone decreased faster than expected, reaching the target of the European Central Bank, and supporting the argument for gradually lowering interest rates. A slight decrease in energy costs is the main driving force behind the decline in inflation. The core inflation rate, which is closely watched, unexpectedly stabilized at 2.7%, while food prices rose faster. These data will support European Central Bank officials' warnings against significantly cutting interest rates to boost the weak economy in the euro area. Yesterday's eurozone economic growth data showed that the eurozone economy is more stable, and after Germany avoided an economic recession, investors have reduced their expectations for the European Central Bank today.
Eurozone Annual HICP Inflation Rises to 2% in October Vs. 1.9% Expected
BoJ October Decision: Ueda Keeps December BoJ Rate Hike Hopes Alive – TDS
The Eurozone's unemployment rate in September remained at 6.3% month-on-month, lower than expected.
The europe statistics office announced that, after seasonal adjustment, the eurozone unemployment rate remained at 6.3% in September, lower than the market's expected 6.4%. The previous value was revised down from 6.4% to 6.3%. The estimated number of unemployed people in the eurozone in September was 13.042 million, an increase of 0.061 million from the previous month, a decrease of 0.226 million from the previous year.
Eurozone Inflation Climbs Back to Target as ECB Primes New Rate Cut -- Second Update
ECB's Panetta: Must Avoid Risk of Pushing Inflation Well Below Target
Spanish Current Account Surplus Drops MoM in August
Italian Unemployment Rate Steady at 6.1% in September
Eurozone Inflation Data – Another Argument for the EUR Recovery? – Commerzbank
EUR: 50bp From the ECB in December Is Not a Done Deal After All – ING
Inflation Stays Below Target in France, Priming Fresh Rate Cuts -- Update
A Surprisingly Good ADP Figure – Commerzbank