Free Trial
JGBS

Early Flattening Holds

JGBS AUCTION

PREVIEW: 30-Year JGB Supply Due

CHINA PRESS

Foreign Direct Investment In Shanghai Rebounds In Q3

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

September Flash CPI Likely To Hit 10% Y/Y

GERMAN DATA
MNI (London)
  • Following a slew of higher-than-anticipated state CPI data this morning, the implied German flash CPI print for September should be in the order of +1.9% m/m and +10.0% y/y. This is based on 88.1% of regional data available prior to the release.
  • This implies a hot beat on headline inflation, while consensus was looking for +9.5% y/y and +1.5% m/m.
  • Numerous regional reports highlighted the upward price pressure associated with the expiration of subventions including the 9-euro transport ticket and fuel rebate.
  • Markets are currently pricing in 71bp of tightening at the ECB's October meeting for the ECB's late October, with the latest German inflation data further supporting a 75bp hike.
  • Furthermore, the German government is set to announce an energy relief package at 1300 BST.
  • French, Italian and the Eurozone aggregate flash CPIs are due tomorrow morning.


Keep reading...Show less
150 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.
  • Following a slew of higher-than-anticipated state CPI data this morning, the implied German flash CPI print for September should be in the order of +1.9% m/m and +10.0% y/y. This is based on 88.1% of regional data available prior to the release.
  • This implies a hot beat on headline inflation, while consensus was looking for +9.5% y/y and +1.5% m/m.
  • Numerous regional reports highlighted the upward price pressure associated with the expiration of subventions including the 9-euro transport ticket and fuel rebate.
  • Markets are currently pricing in 71bp of tightening at the ECB's October meeting for the ECB's late October, with the latest German inflation data further supporting a 75bp hike.
  • Furthermore, the German government is set to announce an energy relief package at 1300 BST.
  • French, Italian and the Eurozone aggregate flash CPIs are due tomorrow morning.


Keep reading...Show less