Italian Inflation Rate MoM Prel (Dec) M/M 0.2% vs. Exp. 0.2% (Prev. -0.2%)
The preliminary Italian inflation rate for December came in line with expectations, printing at 0.2% month-on-month after a previous contraction of -0.2%.
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
Italian Inflation Rate MoM Prel (Dec) M/M 0.2% vs. Exp. 0.2% (Prev. -0.2%)
[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 confirmation of steady inflation may suggest more stability in the economic outlook, potentially supporting the European Central Bank's policy stance, especially as it navigates growth and inflation dynamics in the Eurozone.
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