French Inflation Rate YoY Prel (Jan) Y/Y 0.3% vs. Exp. 0.6% (Prev. 0.8%)
The French inflation rate for January came in significantly lower than expected, at 0.3% versus an expected 0.6%, and down from the previous 0.8%.
UK Grocery Inflation +4.0% Y/Y, Sales +3.8% Y/Y in the 4 weeks to January 25, via Worldpanel
Italy's Tesoro opens book to sell new 15-year BTP bond via syndication, with guidance seen +10bps to 2040 BTP
French Inflation Rate YoY Prel (Jan) Y/Y 0.3% vs. Exp. 0.6% (Prev. 0.8%)
Shanghai Gold Exchange to adjust margin ratios to 17% (prev. 16%) for some gold and silver contracts, and widen the daily price limit to 16% (prev. 15%) as of the 4th February settlement.
French Finance Minister Lescure says that the 2026 budget will reduce the deficit to 5.0% from 5.4%, GDP growth of 1% so far in 2026 is a good start
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This miss may signal easing inflationary pressures in France, potentially influencing the ECB's outlook on monetary policy and interest rates as it assesses the broader inflation landscape in the Eurozone.
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