- Analytics
- News and Tools
- Market News
- European session review: EUR mixed after hotter-than-expected Eurozone inflation data
European session review: EUR mixed after hotter-than-expected Eurozone inflation data
| Time | Country | Event | Period | Previous value | Forecast | Actual |
|---|---|---|---|---|---|---|
| 06:00 | United Kingdom | Nationwide house price index, y/y | August | 10.5% | ||
| 06:00 | United Kingdom | Nationwide house price index | August | -0.5% | ||
| 06:45 | France | Consumer spending | July | 0.3% | -0.5% | -2.2% |
| 06:45 | France | CPI, m/m | August | 0.1% | 0.4% | 0.6% |
| 06:45 | France | CPI, y/y | August | 1.2% | 1.7% | 1.9% |
| 06:45 | France | GDP, q/q | Quarter II | 0.0% | 0.9% | 1.1% |
| 07:55 | Germany | Unemployment Change | August | -90 | -40 | -53 |
| 07:55 | Germany | Unemployment Rate s.a. | August | 5.6% | 5.6% | 5.5% |
| 08:30 | United Kingdom | Net Lending to Individuals, bln | July | 18 | -1.4 | |
| 08:30 | United Kingdom | Consumer credit, mln | July | 0.302 | 0.441 | -0.042 |
| 08:30 | United Kingdom | Mortgage Approvals | July | 80.3 | 78.6 | 75.2 |
| 09:00 | Eurozone | Harmonized CPI | August | -0.1% | 0.4% | |
| 09:00 | Eurozone | Harmonized CPI ex EFAT, Y/Y | August | 0.7% | 1.5% | 1.6% |
| 09:00 | Eurozone | Harmonized CPI, Y/Y | August | 2.2% | 2.7% | 3% |
EUR traded mixed against other major currencies in the European session on Tuesday, as investors digested the data, which showed inflation in the eurozone accelerated more than forecast in August, hitting a 10-year high.
The single European currency rose against USD, JPY, GBP and CAD, but declined against CHF, AUD and NZD.
Eurostat announced earlier today that its flash estimate revealed Euro area inflation rose 3.0 percent y/y in August, sharply accelerating from 2.2 percent y/y in July. This represented the highest rate since November 2011. Economists had forecast the rate to increase to 2.7 percent y/y. Meanwhile, the core indicator, which excludes volatile energy and unprocessed food prices, jumped 1.6 percent y-o-y in August after a 0.7 percent y-o-y gain in the previous month. This was the highest reading since July 2012. Economists had expected a 1.5 percent y-o-y advance.
It is expected that today’s hotter-than-expected CPI data will put pressure on the ECB’s policymakers, when they gather on September 9 in Frankfurt to discuss the prospects of the monetary stimulus.
The accounts of the ECB’s July 21-22 meeting revealed that some policymakers thought that the central bank’s stance was underestimating the risk of higher inflation.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
