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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
EUROZONE DATA
- Eurozone headline CPI eased to 6.1% year-on-year in May according to the flash estimate, from 7.0% in April and lower than the consensus forecast of 6.3% (although market expectations were probably a little lower than this given some of the soft national prints released over the past couple of days).
- Headline CPI was 0.0% month-on-month.
- Core CPI meanwhile eased to 5.3% year-on-year, from 5.6% in April, while registering growth of 0.2% month-on-month.
- However, Eurozone unemployment remained at 6.5% in May, the same rate as in April and a record low.
- Inflation coming in lower than expected will bring some relief to the ECB, although the tight labour market will remain a concern going into the next monetary policy meeting.
Source: MNI, Eurostat
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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