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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 DATA
Eurozone-wide June flash inflation data is released Friday (1000UK, 1100CET - see our PDF preview for full details). So far June Eurozone HICP is tracking about 5.5% Y/Y vs 6.1% in May, close to but a touch lower than the 5.6% expected coming into the week, with about 60% of weighed national estimates in.
- That assumes the Dutch (0545UK/0645CET) and French (0745UK/0845CET) prints (a combined 25% of the HICP basket) tomorrow morning are in line with expectations.
- The final figure could still nudge 0.1pp higher or lower in the event either (especially France, 20% of the eurozone) surprises significantly.
- As the chart below shows, Germany is as expected an outlying contributor to the upside, absent which eurozone-wide HICP would probably print below 5%.
- In terms of updated analyst forecasts after today's numbers, Goldman Sachs sees 5.63% Y/Y (vs 5.61% previously), whereas Berenberg is sticking to its 5.4% Y/Y forecast.
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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