Eurozone National Inflation Data Opens Door to ECB Hike
Dow Jones
Yesterday
1441 GMT - Germany's September inflation print extends the string of upside surprises in the advance national data releases ahead of Friday's eurozone data, increasing the chance of a European Central Bank interest-rate hike, Pantheon Macroeconomics' Claus Vistesen says. "Risks are now tilted towards eurozone headline inflation printing at 3.9% on Friday, which would put the cat among the pigeons for the ECB's October rate call," he says in a note. National data, which included higher-than-expected inflation in Italy and France, suggest that by the end of Friday the probability of an October hike will be higher than markets currently price in, he says. Investors currently expect about a 40% chance of a hike on Oct. 29, LSEG data show.
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