French HICP Prelim. M/M 1.1% vs. Exp. 1.00% (Prev. 0.70%, Low. 0.8%, High. 1.2%)
The French HICP preliminary print shows a m/m increase of 1.1%, slightly beating expectations of 1.0% and significantly higher than the previous month's 0.7%.
Aluminium Corporation of China (2600 HK) is said to be considering an USD 800mln USD-denominated offshore bond sale
German institutes to cut 2026 economic growth forecasts amid the Iranian war, Reuters sources suggest; 2026 growth outlook seen at 0.6% (prev. 1.2%), 2027 growth seen at 0.9% (prev. 1.4%)
French HICP Prelim. M/M 1.1% vs. Exp. 1.00% (Prev. 0.70%, Low. 0.8%, High. 1.2%)
The IRGC announced that the Strait of Hormuz is fully under the control of its soldiers, and "the slightest movement of the enemies will be hit by missiles and drones", adding that "the operation continues", IRGC's public relations channel reports
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This stronger inflow indicates rising inflation pressures, which may influence ECB policy discussions, particularly regarding rate adjustments in the near term.
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