GERMAN DATA: Sequential SA Services CPI Estimated To Have Slowed Markedly
Apr-29 14:06
German national level CPI data suggests core momentum decelerated on a seasonally-adjusted basis in April, MNI estimates, driven by a sharp deceleration in services. Headline inflation seemingly stayed relatively flat vs March sequentially.
- Specifically, we estimate SA core inflation to be broadly around 0.15% M/M (0.35% prior), services inflation at around 0.11% (0.45% prior), and headline at around 0.26% (0.25% prior).
- In annualized terms, this would imply core inflation broadly around 1.8%, services at around 1.3%, and headline inflation broadly around 3.2%.
- All of these figures are MNI's estimates of the Bundesbank's seasonally-adjusted sequential figures to be published later this afternoon, which will provide more detail.
MNI, Destatis, Bundesbank
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MNI: POWELL SAYS PCE INFLATION CAME IN LINE WITH EXPECTATIONS
Mar-29 15:26
- MNI: POWELL SAYS PCE INFLATION CAME IN LINE WITH EXPECTATIONS
MNI: US FEB PERSONAL INCOME +0.3%; NOM PCE +0.8%
Mar-29 12:30
- MNI: US FEB PERSONAL INCOME +0.3%; NOM PCE +0.8%
- US FEB PCE PRICE INDEX +0.3%; +2.5% Y/Y
- US FEB CORE PCE PRICE INDEX +0.3%; +2.8% Y/Y
- US FEB UNROUNDED PCE PRICE INDEX +0.333%; CORE +0.261%
FRANCE AUCTION PREVIEW: On offer next week
Mar-29 10:32
E11.0-12.5bln of LT OATs on Thursday 4 April (a slightly smaller auction than in February or March):
- the 3.50% Nov-33 OAT (ISIN: FR001400L834)
- the 3.25% May-55 OAT (ISIN: FR001400OHF4)
- the 4.00% Apr-60 OAT (ISIN: FR0010870956)
- the 1.75% Jun-39 Green OAT (ISIN: FR0013234333)
Up to E7.2bln of 13/22/24/51-week BTFs on offer Tuesday 2 April:
- E3.1-3.5bln of the new 13-week Jul 3, 2024 BTF
- E0.1-0.5bln of the 22-week Sep 4, 2024 BTF
- E1.3-1.7bln of the 24-week Sep 18, 2024 BTF
- E1.1-1.5bln of the 51-week Mar 26, 2025 BTF
