Reply To: Traders Market Weekly: Oil Caps, Sanctions and Services

#48638
Truman
Participant

Eurozone’s October PPI decelerated for the second consecutive month, returning to levels seen at the end of Q1.
European officials are still trying to agree on a price cap for Russian oil.
Hungary’s Prime Minister Orban repeated his country’s opposition to implementing a global minimum corporate tax.
Spain was visited by over seven million tourists in October, which was about 6.0% below the total from October 2019.
Eurozone’s October PPI -2.9% m/m (expected -2.0%; last 1.6%); 30.8% yr/yr (expected 31.5%; last 41.9%)
Germany’s October trade surplus EUR6.90 bln (expected surplus of EUR5.20 bln; last surplus of EUR2.80 bln). October Imports -3.7% m/m (expected -0.4%; last -2.2%) and Exports -0.6% m/m (expected -0.3%; last -0.7%). October Import Price Index -1.2% m/m (expected -1.7%; last -0.9%); 23.5% yr/yr (expected 23.3%; last 29.8%)
France’s October Industrial Production -2.6% m/m (expected 0.0%; last -0.9%). October government budget deficit EUR143.20 bln (last deficit of EUR146.60 bln)
Spain’s November Unemployment Change -33,500 (expected -20,300; last -27,000)