Italian Inflation Rate YoY Prel (Dec) Y/Y 1.2% vs. Exp. 1.1% (Prev. 1.1%)
The preliminary Italian inflation rate for December came in at 1.2%, slightly above expectations of 1.1%.
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 YoY Prel (Dec) Y/Y 1.2% vs. Exp. 1.1% (Prev. 1.1%)
[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 modest beat may indicate stronger inflationary pressures than previously thought, which could influence European Central Bank policy considerations regarding interest rates moving forward.
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