Reply To: Traders Market Weekly: Fed, Inflation and Profit Warnings


Italy is expected to spend EUR13.50 bln on an energy aid package. European Central Bank policymaker De Guindos acknowledged that price pressures in the eurozone have continued strengthening and broadening while policymaker Kazaks said that rates may have to continue rising after February to get inflation back to the 2.0% target. Sweden’s prime minister resigned after her party lost support in last weekend’s general election. Shell named a new CEO.
Eurozone’s July trade deficit EUR34.00 bln (expected deficit of EUR20.00 bln; last deficit of EUR25.40 bln). Q2 eurozone wages 4.1% yr/yr (last 3.7%) and labor cost index 4.0% yr/yr (last 4.2%)
Germany’s August WPI 0.1% m/m (expected 0.5%; last -0.4%); 18.9% yr/yr (last 19.5%)
France’s August CPI 0.5% m/m (expected 0.4%; last 0.3%); 5.9% yr/yr (expected 5.8%; last 5.8%)