Eurozone: Flash August CPI expected at 2.1% y-o-y - Rabobank
|Analysts at Rabobank point out that today sees Eurozone flash August CPI, which is expected at 2.1% y-o-y and yet just 1.1% core, neither measure changed from July.
Key Quotes
“In short, even with everything as good as it can realistically get in Europe, CPI is half what it should be on an underlying basis. Care to take a bet where it will be 12 months from now? We also have Eurozone unemployment, seen a tick lower at 8.2%.”
“In the US it’s the Chicago PMI for August, seen dipping from a heady 65.5 to a still-strong 63.0.”
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. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.