Menu

Search

  |   Commentary

Menu

  |   Commentary

Search

German bunds nearly flat after Eurozone February consumer price inflation meets market expectations

The German bunds traded nearly flat during European session of the last trading day of the week Friday after the Eurozone’s consumer price inflation (CPI) for the month of February met market expectations, rising from the previous reading in January.

The German 10-year bond yields, which move inversely to its price, remained tad higher at 0.090 percent, the yield on 30-year note remained flat at 0.747 percent and the yield on short-term 2-year too hovered around -0.541 percent by 10:40GMT.

The euro area annual inflation rate was 1.5 percent in February 2019, up from 1.4 percent in January 2019. A year earlier, the rate was 1.1 percent. European Union annual inflation was 1.6 percent in February 2019, up from 1.5 percent in January.

A year earlier, the rate was 1.4 percent. These figures are published by Eurostat, the statistical office of the European Union. The lowest annual rates were registered in Ireland (0.7 percent), Greece, Croatia and Cyprus (all 0.8 percent). The highest annual rates were recorded in Romania (4.0 percent), Hungary (3.2 percent) and Latvia (2.8 percent).

Compared with January this year, annual inflation fell in seven Member States, remained stable in one and rose in nineteen. In February 2019, the highest contribution to the annual euro area inflation rate came from services (+0.61 percentage points, pp), followed by food, alcohol & tobacco (+0.44 pp), energy (+0.35 pp) and non-energy industrial goods (+0.09 pp).

Meanwhile, the German DAX remained tad 0.50 percent higher at 11,644.91 by 10:45GMT, while at 10:00GMT, the FxWirePro's Hourly Euro Strength Index remained neutral at 36.66 (higher than +75 represents bullish trend). For more details, visit http://www.fxwirepro.com/currencyindex

  • ET PRO
  • Market Data

Market-moving news and views, 24 hours a day >

July 2 15:00 UTC Released

DKCurrency Reserves

Actual

449.6 Stale

Forecast

Previous

451.7 Stale

July 2 13:45 UTC Released

USISM NY Biz Conditions

Actual

50 %

Forecast

Previous

48.6 %

January 31 00:00 UTC 775910775910m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 775910775910m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 787730787730m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 775910775910m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 787730787730m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 775910775910m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 775910775910m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 775910775910m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.