Reply To: Traders Market Weekly: Thanksgiving, a Time for Reflection


Year-over-year CPI and Core CPI readings for the eurozone accelerated to fresh highs for the year in October.
British Chancellor Hunt is delivering the Autumn Budget Statement today.
Press reports speculated that the European Central Bank may opt for a 50-bps rate hike instead of 75 bps at the December meeting. Bank of France Governor Villeroy de Galhau said that a rate range around 2.00% in December will likely be seen as a normal range. Steelmaker Thyssenkrupp will offer its first dividend in four years, but also warned that sales and profits will face renewed pressure in 2023.
Eurozone’s October CPI 1.5% m/m, as expected (last 1.2%); 10.6% yr/yr (expected 10.7%; last 9.9%). October Core CPI 0.6% m/m, as expected (last 1.0%); 5.0% yr/yr, as expected (last 4.8%). September Construction Output 0.09% m/m (last -0.99%)
Italy’s September trade deficit EUR6.45 bln (last deficit of EUR9.51 bln)
Spain’s September trade deficit EUR6.98 bln (last deficit of EUR7.94 bln)
Swiss October trade surplus CHF4.14 bln (last surplus of CHF4.19 bln)