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Eurozone: Downside risks to inflation - TDS

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Feb 26, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Research Team at TDS, suggests that the flash February inflation data for Germany (incl regional), France, and Spain all likely showed a sharp drop in inflation momentum, and they see downside risks to consensus.

    Key Quotes

    “German HICP likely dropped back into deflationary territory, to -0.1%y/y (consensus: 0.0%), and the new preliminary French HICP measure likely decelerated to 0.0% y/y (consensus: 0.1%).

    Markets expect Spain to post -0.6% y/y. This decline in momentum is mainly driven by base energy effects, as pump prices increased in Feb ’16 against a decline in Feb ’15.”
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