Spanish Core Inflation Rate YoY Prel (Jan) Y/Y 2.6% (Prev. 2.6%)
The preliminary reading for Spain's core inflation rate remains unchanged at 2.6% year-on-year, consistent with the previous figure.
European Movers: Swatch (UHR SW) +7.7%, Airtel Africa (AAF LN) +6.8%, Adidas (ADS GY) +3.6%, CaixaBank (CABK SM) +1.8%, Rentokil (RTO LN) -2.0%, Antofagasta (ANTO LN) -5.0%
Ukraine's President Zelensky says the compromise on territory has not yet been reached; Ukraine will not strike Russian energy infrastructure if Russia halts its attacks on Ukraine's energy infrastructure
Spanish Core Inflation Rate YoY Prel (Jan) Y/Y 2.6% (Prev. 2.6%)
French Private Non Farm Payrolls QoQ Prel (Q4) Q/Q -0.1% (Prev. 0.0%, Rev. From -0.1%)
French PPI MoM (Dec) M/M 0.2% (Prev. 2.8%, Rev. From 1.1%)
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This steady rate suggests that inflationary pressures in Spain are stabilizing, which may influence the European Central Bank's approach to monetary policy and interest rates. Markets will likely interpret this as a sign of durability in the inflation trend, but the implications for broader eurozone policy will need to be monitored closely.
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