Spanish Inflation Rate MoM Prel (Jan) M/M -0.4% vs. Exp. -0.3% (Prev. 0.3%)
The preliminary monthly inflation rate in Spain for January has come in at -0.4%, slightly worse than expectations of -0.3% and a reversal from the previous month's increase.
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 Inflation Rate MoM Prel (Jan) M/M -0.4% vs. Exp. -0.3% (Prev. 0.3%)
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 trend may signal softer pricing pressures, which could influence the European Central Bank's perspective on future rate adjustments, particularly as they weigh inflation targets against growth concerns.
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