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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.
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.
Source: MNI / individual state sources
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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