EU Core Inflation Rate YoY Flash (Dec) 2.3% Y/Y vs. Exp. 2.4% (Prev. 2.4%)
The EU Core Inflation Rate for December came in slightly below expectations at 2.3% year-on-year, compared to the anticipated 2.4%.
UK sells GBP 4.25bln 4.125% 2031 Gilt; b/c 3.50x (prev. 3.23x), average yield 3.980% (prev. 4.093%), tail 0.2bps (prev. 0.2bps)
[MARKET UPDATE] Modest hawkish reaction in EUR and Bunds on the EZ Flash HICP figures, as bets for a cooler-than-expected print following the German series unwind. The move proved fleeting with HICP at the ECB's target and the on-hold narrative maintained
EU Core Inflation Rate YoY Flash (Dec) 2.3% Y/Y vs. Exp. 2.4% (Prev. 2.4%)
[MARKET ANALYSIS] Choppy but contained FX trade as markets await economic data
"Iran's president calls on law enforcement agencies not to attack protesters", Sky News Arabia reports
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This miss, alongside the unchanged previous figure, suggests a potential easing in inflationary pressures and could imply a more dovish stance from the ECB moving forward, impacting expectations for future rate hikes.
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