Reply To: Traders Market Weekly: CPI and PPI Inflation


British Chancellor of the Exchequer Hunt repeated that inflation is expected to halve by the end of the year. Meanwhile, European Central Bank policymaker Nagel repeated that core inflation is a decisive factor in setting monetary policy and that stopping rate hikes too soon would be a “cardinal sin.”
Adidas is down more than 10.0% in Germany after warning that its revenue for the year could be reduced by more than a billion euros if the company fails to sell inventory from the Yeezy brand.
U.K.’s Q4 GDP 0.0% qtr/qtr, as expected (last -0.2%); 0.4% yr/yr, as expected (last 1.9%). Q4 Business Investment 4.8% qtr/qtr (expected -0.3%; last -3.2%); 13.2% yr/yr (last 5.1%). December Industrial Production 0.3% m/m (expected -0.2%; last 0.1%); -4.0% yr/yr (expected -5.3%; last -4.3%). December trade deficit GBP19.27 bln (expected deficit of GBP16.40 bln; last deficit of GBP14.66 bln)
Italy’s December Industrial Production 1.6% m/m (expected -0.1%; last -0.1%); 0.1% yr/yr (last -3.4%)