MNI BRIEF: Canadians Fuzzy On How BOC Hikes Slow CPI, Government's Role

CANADA FLASH MAY GDP +0.1% ON FACTORIES AND REAL ESTATE

MNI China Daily Summary: Friday, June 28

MNI BRIEF: BCB Evaluating Real Depreciation Impacts - Galipolo

MNI BRIEF: PBOC Pledges to Curb Any Overshoot Of The Yuan: MPC

MNI: PBOC Net Injects CNY40 Bln Via OMO Fri; Rates Unchanged

MNI: BAKER HUGHES US RIG COUNT 581; OIL RIGS 479; GAS RIGS 97

EZ/UK T-Bill Calendar: Germany, France Auction on Monday

EZ/UK Bond Supply Calendar: BoE APF on Monday

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Headline HICP Tracks A Tenth Above Consensus At 2.6%

EUROPEAN INFLATION
DataHomepagemarkets-real-timeData BulletBulletMarketsFixed Income BulletsForeign Exchange Bullets

Eurozone headline flash HICP inflation tracks at 2.6% Y/Y, based on MNI’s calculations using already-released national data.

  • The consensus before Wednesday’s German flash inflation data stood at 2.5% Y/Y.
  • This follows the latest firmer-than-expected HICP reading from France (2.7.% Y/Y vs 2.6% cons).
  • The above tracking assumes that Italian (0.7% Y/Y) HICP prints in line with consensus later today.
  • There is less visibility on where core HICP is tracking, with most countries not reporting that metric in the flash release.
  • However, a number of analysts suggested that consensus forecasts of 2.7% Y/Y remained intact following yesterday’s Spanish data.
  • ECB-dated OIS contracts saw little net change following the French data, showing 60bps of cuts through the remainder of 2024.
118 words

To read the full story

Close

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 headline flash HICP inflation tracks at 2.6% Y/Y, based on MNI’s calculations using already-released national data.

  • The consensus before Wednesday’s German flash inflation data stood at 2.5% Y/Y.
  • This follows the latest firmer-than-expected HICP reading from France (2.7.% Y/Y vs 2.6% cons).
  • The above tracking assumes that Italian (0.7% Y/Y) HICP prints in line with consensus later today.
  • There is less visibility on where core HICP is tracking, with most countries not reporting that metric in the flash release.
  • However, a number of analysts suggested that consensus forecasts of 2.7% Y/Y remained intact following yesterday’s Spanish data.
  • ECB-dated OIS contracts saw little net change following the French data, showing 60bps of cuts through the remainder of 2024.