EM CEEMEA CREDIT: TURKEY: Food Prices to Keep Monthly Inflation Elevated

Oct-03 07:00

{TU} TURKEY: Food Prices and Back to School Effects to Keep Monthly Inflation Elevated

 

[MNI Macro]

CPI data for September is due at 08:00BST/10:00 local time, with the headline rate of inflation expected to moderate only slightly, to 32.45% y/y from 32.95%, as per an analyst survey. On a monthly basis, prices are seen rising 2.58% compared to a prior 2.04%. Upward pressure on food prices and back to school effects on services prices are expected to keep monthly inflation elevated.

Historical bullets

GILTS: Opening calls

Sep-03 06:58

Gilt calls, 89.73/89.76.

EQUITIES: EU Cash Opening calls

Sep-03 06:56

Estox 50: +0.58%, Dax: +0.52%, CAC: +0.50%, FTSE +0.07%, SMI +0.52%.

EQUITY OPTIONS: Late Large EU Bank Block trade

Sep-03 06:53

Late last night large Block Option in EU Bank Index:

  • SX7E (17th Oct) 175/165ps, bough for 0.20 in 75k.