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.
Friday throws up a full schedule of releases, with eurozone flash inflation and flash GDP set to be the highlights.
EZ Inflation could see upside surprise (1000BST)
Euro area inflation will continue is march higher in October according to analysts, with expectations of a rise to 3.7% y/y. However, after the release of preliminary data from Spain and Germany surprising to the upside, there is a risk the October release could also be an upside beat -- perhaps even closing in on 4%.
Core inflation is seen coming in at 2%, just ahead of the 1.9% seen in September, with some analysts pointing to few signs of accelerating core data in Thursday's prints from Spain and Germany - the spread between core and CPI in Spain widened to a multi-decade wide.
EZ Q3 GDP Seen Up 2.0% q/q (1000BST)
Eurozone GDP is set to rise 2.0% in Q3, slowing slightly from the 2.2% seen in Q2. Year of year, analysts see growth up 3.6%, slowing from the base-skewed 14.3% seen in Q2, which, unsurprisingly, was the highest y/y reading on record.
Consumer sentiment to the fore in US
There is a slew of data in te US Friday, with survey data from Michigan and Chicago set to e closely watched. The Michigan consumer sentiment is expected to edge lower, but, most closely watched could be the Michigan consumer inflation expectation survey, with analysts looking for a di from the previous rea of 3% to 2.8%.
There are no policymakers slated for appearances Friday, although ECB speakers could appear in national press following the policy meeting on Thursday.
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.