Reply To: Traders Market Weekly: Expect the Unexpected

#45641
Truman
Participant

Eurozone’s August trade deficit EUR50.90 bln (last deficit of EUR33.90 bln)
Germany’s September WPI 1.6% m/m (last 0.1%); 19.9% yr/yr (last 18.9%)
France’s September CPI -0.6% m/m (expected -0.5%; last 0.5%); 5.6% yr/yr, as expected (last 5.9%)
Spain’s September CPI -0.7% m/m (expected -0.6%; last 0.3%); 8.9% yr/yr (expected 9.0%; last 10.5%)
The U.K.’s 10-yr Gilt yield is down another 23 bps to 3.96% amid reports that British Prime Minister Truss will reverse her decision, allowing for the increase to the corporate tax rate.
In addition, Chancellor Kwarteng has been dismissed after just 38 days in office.
The Bank of England’s emergency buying scheme is set to end today. Germany’s economy ministry expects that a recession began in Q3 and will last for three quarters.