Macro Insights: European CPI reaccelerates, when economists expected a slowdown

Quick Take

• Consumer terms ostentation came successful blistery for the E.U. and accelerated successful France and Spain.
• Spanish CPI (Y/Y) Feb: 6.1% (est 5.8%; prev 5.9%)
• France CPI YoY 6.2% (est. 6.1); MoM 0.9%(est.1%)
• E.U. services ostentation tends to lag U.S services ostentation by astir 5 months, adding to the ECB’s hawkish stance.
• As a result, E.U bonds are selling disconnected and the 10-year output is astatine its highest level since 2011.

Services CPI y/y: (Source: Bloomberg)

Euro 10-year yield: (Source: TradingView)

The station Macro Insights: European CPI reaccelerates, erstwhile economists expected a slowdown appeared archetypal connected CryptoSlate.