Menu

Search

  |   Commentary

Menu

  |   Commentary

Search

German bunds trade slightly lower after Eurozone October CPI meets market expectations

The German bunds traded slightly lower during afternoon session on the last trading day of the week Friday after the Eurozone’s consumer price inflation (CPI) for the month of Eurozone met market expectations, remaining unchanged from that in September.

The German 10-year bond yields, which move inversely to its price, rose nearly 1-1/2 basis points to 0.370 percent, the yield on 30-year note edged nearly 1 basis point higher to 1.039 percent and the yield on short-term 2-year too traded tad higher at -0.654 percent by 10:00GMT.

The euro area annual inflation rate was 2.2 percent in October 2018, up from 2.1 percent in September 2018. A year earlier, the rate was 1.4 percent. European Union annual inflation was also 2.2 percent in October 2018, up from 2.1 percent in September 2018. A year earlier, the rate was 1.7 percent, according to figures published by Eurostat, the statistical office of the European Union.

In October 2018, the highest contribution to the annual euro area inflation rate came from energy (+1.02 percentage points, pp), followed by services (+0.65 pp), food, alcohol & tobacco (+0.42 pp) and non-energy industrial goods (+0.11 pp).

Meanwhile, the German DAX remained 0.48 percent higher at 11,408.32 by 10:10GMT, while at 10:00GMT, the FxWirePro's Hourly Euro Strength Index remained neutral at 70.88 (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 >

December 11 08:00 UTC Released

HUCPI NSA

Actual

1284.6 Index

Forecast

Previous

1288.8 Index

December 11 08:00 UTC Released

HUCPI MM NSA

Actual

-0.3 Percent

Forecast

Previous

0.5 Percent

January 31 00:00 UTC 452707452707m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 452707452707m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 464527464527m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 452707452707m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 464527464527m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 452707452707m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 452707452707m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 452707452707m

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.