![]() 21st, ECB officials were talking down market expectations that the central bank would lower its main deposit rate from a record 4% as soon as April 2024. 30th may well confirm a trend of price rises moderating.īut if traders react by bringing forward bets on when the European Central Bank might cut interest rates, expect monetary policymakers to push back.Īfter the ostensibly good news that consumer price rises slowed to 2.9% in October, ECB president Christine Lagarde warned borrowing costs would need to stay restrictive for many months ahead. (2) Eurozone HICP (consumer inflation) data is out on Thursday, Nov. The October reading showed a third-straight monthly decline. The PCE index rose +0.4% in September, matching the rise in August.Īnother key inflation gauge, the Consumer Price Index (CPI), was unchanged in October, lifting equity prices, as it bolstered the view that the Fed was probably done raising interest rates.Īs investors assess how much the economy may be cooling, other key economic reports due in the coming days include a Consumer Confidence Index on Nov 28th. The PCE price index, due on Nov 30th, is expected to show no change in October from the prior month, according to a Reuters poll. inflation report can support the end of the Federal Reserve's interest rate hiking campaign. On the heels of an encouraging report on consumer prices, markets are hoping that another relatively tame U.S. Personal Consumption Expenditure (PCE) data is out Thursday, Nov. Next are Reuters’ five world market themes, reordered for equity traders. In the Middle East, world leaders gather in Dubai for a summit on climate change.Īny agreement, on how to deal with it, or pay to tackle it? That seems a distant prospect. In Asia, Mainland China mulls its target growth outlook. dollar, at a seasonally weak time of year
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