Free Trial
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 DATA
MNI (London)
EUROZONE OCT UNEMPLOYMENT 6.5% (FCST 6.6%); SEP 6.6%
- Euro area unemployment edged down 0.1pp to 6.5% in October, a fresh euro-era low.
- This data adds confidence to the ECB's hiking cycle.
- Although a 50bp is now the more likely December outcome (due to the downside surprise in November inflation data), this employment print underscores that the labour market remains tight and robust, despite warning bells of a eurozone winter recession.
- Yet more recent PMI data has flagged slowing hiring across the bloc, implying that the unemployment rate will likely only touch this fresh low fleetingly.
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok