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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
Our review of October's preliminary Eurozone inflation data has just been published and includes breakdowns and analysis of the national inflation prints, and some sell-side reactions.
- Eurozone flash inflation for October printed at an unrounded +2.91% (vs +3.1% cons; +4.34% prior), the first time the headline has been below 3% since August 2021.
- Disinflation was seen in all major sub-components, with energy base effects playing a large role in pulling down the headline as expected.
- The core reading was in line with the 4.2% estimate coming into the week however was probably higher than expectations coming into the print given national-level category data, with services disinflation relatively moderate on a Y/Y basis.
- MNI's calculations indicate core, services, non-energy industrial goods and food momentum moderated further in October.
- At a country level, the October Y/Y prints were lower in 17/20 countries. Only Estonia, Greece and Spain saw accelerations vs September - and Spain's was still softer than expected.
PDF ANALYSIS HERE
Source: MNI, ECB, 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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