Spanish Inflation Rate YoY Prel (Jan) Y/Y 2.4% vs. Exp. 2.3% (Prev. 2.9%)
The preliminary January inflation rate in Spain came in at 2.4%, slightly above expectations of 2.3%, indicating a modest decline from the previous 2.9%.
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 YoY Prel (Jan) Y/Y 2.4% vs. Exp. 2.3% (Prev. 2.9%)
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 slight beat may suggest that inflationary pressures are easing, which could have implications for monetary policy in the Eurozone, particularly regarding potential interest rate adjustments.
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