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Eurozone November inflation a bitter surprise – TDS

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Dec 2, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Delhi) – Research Team at TDS, notes that the November print of Eurozone’s inflation was a tough pill for markets to swallow which surprised markets to the downside.

    Key Quotes

    “November inflation surprised both us and markets significantly to the downside, with headline inflation remaining stable at 0.1% y/y for the month, while core fell from 1.1% in October to 0.9% y/y in November.”

    “Most major components slowed in the month, with the major drag coming from the services category, and three-month momentum in core inflation has now almost completely vanished. The ECB won’t be upset about this downside surprise as it prepares to unleash a new wave of monetary easing at tomorrow’s meeting.”
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