Spain December preliminary CPI +2.8% vs +2.6% y/y expected
Prior +2.4% HICP +2.8% vs +2.6% y/y expected Prior +2.4% The concern for the ECB is that core annual inflation here is seen ticking higher to 2.6%, up from 2.4%…
Read More »Spain Q3 final GDP +0.8% vs +0.8% q/q prelim
Prior +0.8% GDP +3.3% vs +3.4% y/y prelim Prior +3.2% No change to the quarterly estimate as the Spanish economy remains one of the few bright spots in Europe, especially…
Read More »RBA’s Bullock: We did not explicitly consider an interest rate cut today
We looked at what we found since the previous meeting And used that to ask the question whether the current policy stance is appropriate or not The discussion was mostly…
Read More »Inflation data remains in focus in Europe today
Major currencies are little changed for the most part with only the Japanese yen being the slight mover in the handover from Asia to Europe. It comes after the BOJ…
Read More »China mulls approving fresh fiscal package worth over ¥10 trillion next week
It is being reported that Beijing is looking to approve next week the issuance of over ¥10 trillion in extra debt over the next few years in order to revive…
Read More »Reminder: Daylight savings concluded in Europe over the weekend
This serves as just a bit of a reminder and a heads up to the session ahead. For those unaffected, this will mean European markets opening an hour “later” than…
Read More »ECB’s Holzmann: A 25 bps rate cut is probable in December
As a reminder, it was also “probable” that the ECB would’ve paused in October. And look at how things played out instead. It’s all about the data at this stage…
Read More »Dollar looks to settle lower after some back and forth trading this week
If the Fed wants to organise things in an orderly manner, the market sure isn’t letting them do so. The odds of a 50 bps rate cut dwindled after the…
Read More »Swiss data in focus in the session ahead
The dollar is keeping in a decent spot to start the day, with risk sentiment a little more sluggish to start the month. S&P 500 futures are down 0.2% and…
Read More »North American holiday to dampen the mood to start the week
That will sap quite a bit of energy from markets to kick start the new week at least. But it’s a brand new month and we’re already in September now…
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