Market-implied expectations of ECB’s next few rate hikes shifted marginally lower – Rabobank – by eren_fxstreet ECB CentralBanks Inflation
Assessing the latest inflation figures from Germany, Rabobank analsysts noted that German HICP inflation slowed from 11.3% y/y to 9.6%; the lowest reading since August."That’s a softer than expected headline number, with markets anticipating a drop to 10.2%. Yet, as welcome as this stronger retreat to single-digit headline numbers is, the reading is affected by some unusual factors. Most importantly, the German government provided one-off compensation for energy bills last month.
"That said, adding to the ECB’s concerns that it could take significant time before inflation returns to the central banks’ target, labour markets remain tight in various countries. Specifically, German unemployment unexpectedly fell in December. According to the Federal Labour Agency, there were 13,000 fewer unemployed after adjusting for seasonal factors and the inflow of Ukrainian refugees.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
USD/JPY: Close below 130.41 to open doors to 126.36 – RabobankThe USD/JPY is trading around 130.60/70, around the same level it closed on Monday. Earlier it bottomed at 129.49, the lowest level since early June.
Read more »
Assessing the Health of Democracy | The Takeaway | WNYC StudiosHow did the country find itself witnessing the erosion of faith in democracy, and what can be done to reverse course?
Read more »
Breast cancer patients take part in proton beam trialUK scientists are assessing if certain patients with heart problems would benefit from it over radiotherapy.
Read more »
Investors Brace for More Market Tumult as Interest Rates Keep RisingThe era of ultralow bond yields, mild inflation and accommodative Fed policy has ended, money managers say, likely recalibrating the market’s winners and losers for years to come.
Read more »
STOCK MARKET NEWS: Markets closed, 2023 oil gains, gas higher, Musk's next Twitter File releaseReport: Oil gains minimal in 2023, next Twitter File focus on Fauci. FOX Business is providing real-time updates on the markets, commodities and all the most active stocks on the move.
Read more »
USD weakness remains dominating subject on FX market – CommerzbankUlrich Leuchtmann, Head of FX and Commodity Research at Commerzbank, notes that EUR/USD stays near 6-month highs to start the new year and the US Doll
Read more »