French private sector slides into contraction in October on political jitters
French October PMIs returned to contraction territory as demand slumped on political uncertainty.
French October PMIs returned to contraction territory as demand slumped on political uncertainty.
MUFG expects the ECB to hold next week and deliver two more hikes through Q1 2027. It sees EUR/USD at 1.12 by year-end.
ECB's Panetta warns rising yields weigh on euro zone growth rather than cause a crisis, with French and Italian debt most exposed.
ECB chief economist Philip Lane speaks in Shanghai as part of three officials setting the scene for the October 29 rate decision.
Germany's ZEW current conditions index for October reached -35.9, surpassing the expected -45.0 and the prior -47.1.
German producer prices rose more than expected in September, with the annual rate hitting 6.7%, the highest since March 2023, driven by energy costs.
German September producer prices rose 1.9% m/m, topping forecasts; the y/y gain was measured against a 6.2% expectation.
Eurozone's final September inflation was confirmed at 3.8% year on year, matching the preliminary estimate; core CPI held at 2.5%.
Nagel and Klingbeil meet in Bangkok as markets await any hint on an ECB December hike. French debt and German spending are key topics.
French annual inflation accelerated in September, with energy and core prices rising, leaving the ECB to weigh another rate hike.
ECB's Alvaro Santos Pereira said euro zone inflation from energy has not spread to other prices; any broader rise would force action.
Spain's September CPI was confirmed at 4.9%, with core inflation rising to 3.1%, adding pressure on the ECB.
Lagarde said the ECB sees no second-round effects yet but will act on early signs rather than wait for proof.
Germany's final September CPI was 3.3% year-on-year, unchanged from preliminary estimates, with energy prices rising sharply.
Goldman Sachs says French bond spread is tied to oil, ECB inaction, and fiscal uncertainty, with only a few possible relief factors.