PORTUGAL: AD & PS Neck-And-Neck, Chega Raises Prospect Of Right-Wing Coalition
Apr-11 13:30
The opinion polling ahead of the 18 May election shows an effective dead heat between PM Luis Monten...
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US TSY OPTIONS: May'25 10Y Straddle Buy
Mar-12 13:27
- +5,000 TYJ5 110.5 straddles, 63 ref 110-19.5
EQUITIES: US Cash opening calls
Mar-12 13:25
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US DATA: Energy Services Pickup Offsets Sequential Food Disinflation
Mar-12 13:20
On the headline side of CPI, the pullback to 0.22% M/M from 0.47% in Jan came with lower than expected food price inflation (0.2% M/M vs 0.3% expected, 0.4% prior) offset by slightly less of a pullback in energy prices than expected (0.2% vs 0.0% expected, 1.1% prior).
- Within food, it was "food at home" (ie groceries) that was the main decelerator, rising 0.0% after 0.5% prior, with dairy and fruit/vegetables in sequential deflation (-1.0% and -0.5% respectively), and meats/poultry/fish/eggs decelerating to a still-high 1.6% (1.9% prior). Food away from home ticked up however to 0.4% after 0.2% prior.
- The closely-watched eggs category saw a 10.5% increase, a slight deceleration from 15.2% in January ( though it's now up 58.8% Y/Y).
- Within energy, motor fuel's 0.9% decline matched expectations, but a strong pickup in energy services (1.4% after 0.3%) led by acceleration in both electricity and gas led to the above-expected aggregate figure.
