State inflation data suggest German CPI will top 3% again in September
All four German state CPI readings accelerated in September, raising the likelihood that national inflation will again exceed 3%.
All four German state CPI readings accelerated in September, raising the likelihood that national inflation will again exceed 3%.
German unemployment rose by 12,000 in September, well above the 1,000 expected, while the jobless rate stayed at 6.4%.
Germany's unemployment rose by 12,000 in September, far exceeding the 1,000 forecast. The jobless rate held at 6.4%.
Central bank speeches move markets by altering expectations, as Williams' remarks cut October hike odds to 50%.
European stocks opened higher as 10-year Treasury yields fell from 5.29% to 5.20%, easing recent pressure.
German import prices rose 1.0% month-on-month in August, pushing the annual rate to 8.3%, the highest since December 2022.
Germany's retail sales rose 1.3% in August from July, missing the 1.5% forecast, after a steep 3.4% monthly drop.
The final Q2 GDP figure was revised up to 0.5% quarterly and 1.4% annual growth, with minimal market impact expected.
German retail sales rose 1.3% m/m in August, missing the 1.5% forecast, after July's 3.4% drop. Market impact is seen as minimal.
German September CPI is seen accelerating to 3.1% y/y, driven by energy costs. Focus falls on core inflation for signals on the ECB's policy path.
JPMorgan CEO Jamie Dimon argues the dollar's reserve currency role relies on a strong US economy and urges Washington to complete trade deals with allies.
Australia's headline CPI rose to 4% in August, meeting economists' expectations and accelerating from the prior 3.5%.
China's official manufacturing PMI met expectations at 50.1 in September, while non-manufacturing and composite readings also improved.
ANZ's September survey shows NZ business confidence easing to +52, with late responses hit by higher oil prices. Inflation expectations held at 3.25%.
Japan's August factory output fell 1.7% against a forecast rise, and retail sales growth slowed, complicating the outlook for near-term BoJ rate increases.