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


Bank of France raised its domestic growth forecast for 2022 to 2.6% from 2.3% and it now expects a 0.5% contraction in 2023, down from the previous forecast for growth of 0.8%. The central bank expects inflation of 5.8% this year and between 4.2% and 6.9% next year.
European Central Bank President Lagarde said that rate hikes are sending a signal that the central bank will achieve its price target. Germany placed Rosneft Deutschland and Schwedt refinery under trusteeship.
Eurozone’s August CPI 0.6% m/m (expected 0.5%; last 0.1%); 9.1% yr/yr, as expected (last 9.1%). August Core CPI 0.5% m/m, as expected (last 0.5%); 4.3% yr/yr, as expected (last 4.3%)
U.K.’s August Retail Sales -1.6% m/m (expected -0.5%; last 0.4%); -5.4% yr/yr (expected -4.2%; last -3.2%). August Core Retail Sales -1.6% m/m (expected -0.7%; last 0.4%); -5.0% yr/yr (expected -3.4%; last -3.1%)
Italy’s July trade deficit EUR361 mln (expected deficit of EUR1.50 bln; last deficit of EUR2.51 bln). August CPI 0.8% m/m, as expected (last 0.8%); 8.4% yr/yr, as expected (last 8.4%)

Italy’s FTSE MIB: -1.0% (+0.3% week-to-date)