South African Inflation Rate YoY (Jan) Y/Y 3.5% vs. Exp. 3.4% (Prev. 3.6%)
South Africa's inflation rate for January came in at 3.5%, slightly above expectations of 3.4% and down from the previous 3.6%.
EUROPEAN OPEN: GLEN LN profits slide amid declining coal earnings; BA/ LN sees record order intake; VOW3 GY receives initial bids for Everllence unit; HEI GY in talks for Akcansa Cimento; Lone Pine takes stake in ASML NA
European Movers: Puig (PUIG SM) +5.4%, BAE Systems (BA/ LN) +4.2%, Glencore (GLEN LN) +2.9%, Bank of Ireland (BIRG ID) +0.9%, Unilever (ULVR LN) -0.7%, Carrefour (CA FP) -4.3%, IMCD (IMCD NA) -12.1%
South African Inflation Rate YoY (Jan) Y/Y 3.5% vs. Exp. 3.4% (Prev. 3.6%)
French Inflation Rate MoM Final (Jan) M/M -0.4% vs. Exp. -0.3% (Prev. 0.1%)
French Inflation Rate YoY Final (Jan) Y/Y 0.3% vs. Exp. 0.3% (Prev. 0.8%)
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This marginal beat may prompt scrutiny regarding the trajectory of inflation in the region, especially in the context of potential central bank policy adjustments, though the overall movement remains within low inflation territory, suggesting limited immediate pressure on rates.
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