Reply To: Traders Market Weekly: Impact of Global Risk Off Deleveraging


Germany’s August CPI 0.3% m/m, as expected (last 0.3%); 6.1% yr/yr, as expected (last 6.2%)
Germany’s Institute for Economic Research lowered its 2023 GDP forecast for Germany to -0.4% from -0.2% while Citigroup lowered its 2023 growth forecast for the eurozone to 0.4% from 0.8%.

France’s July Industrial Production 0.8% m/m (expected 0.1%; last -0.9%)

Spain’s July Industrial Production -1.8% yr/yr (expected -2.0%; last -3.2%)

There is still some uncertainty about next week’s rate decision from the European Central Bank, though overall expectations are leaning toward a pause.