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Daniele Antonucci and Joao Almeida....>

EUROZONE DATA
EUROZONE DATA: Daniele Antonucci and Joao Almeida at Morgan Stanley also pick up
on the rounding issue of the Eurozone HICP "failing to round to the higher
decimal and so undershooting the consensus".
- In the core "it too failed to round to the median forecast of 1.0%Y/Y. Certain
things did get better: the October downside surprise in Germany reversed, with
leisure prices accelerating again and prices in the transport sector rising more
strongly. But it's now Italy that, after a one-off cut in university fees last
month, saw an unexpectedly large seasonal fall in leisure and transport prices,
which we expect to reverse next month."

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