CROSS ASSET: Bonds and STIRs spike higher post French Inflation
Sep-27 06:49
- A minute pre French data, saw Front Euribor (ERZ4) lifted in over 5k, with similar demand in Bonds.
- US TYZ4 also failed to test 114.07, yesterday's low pre French inflation.
- ERZ4 has now extended its gained to another 4 big ticks post Data.
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MNI: FRANCE AUG CONSUMER SENTIMENT 92
Aug-28 06:45
- MNI: FRANCE AUG CONSUMER SENTIMENT 92
MNI: FRANCE AUG CONSUMER SENTIMENT 92
Aug-28 06:45
MNI: FRANCE AUG CONSUMER SENTIMENT 92
FRANCE DATA: France Consumer Sentiment In-Line With Consensus
Aug-28 06:45
France Consumer Sentiment was in line with consensus printing at 92 in August (vs 91 prior), making it the highest since February 2022, although remains below the long run average (from January 1987 to December 2023) of 100.
- From the sub-components, both general economic situation and financial situation in the next 12 months improved, to -45 (from -50) and -9 (from -10), making the former the highest since February 2024 and latter highest since March.
- Meanwhile, Consumer Prices in the next 12 months fell 6 points to -53, returning to the May trough.
- This general stability in France Consumer Sentiment comes amidst a rebound in Manufacturing and Services Sentiment which can be seen in the chart below.
- The survey was conducted with around 2,000 households between July 26 to August 19.
