Friday, October 30, 2015

EUR: Negative CPI numbers likely to be history – TDS

FXStreet (Delhi) – Annette Beacher, Chief Asia-Pac Macro Strategist at TD Securities, suggests that the days of negative CPI readings in the euro area are numbered.

Key Quotes

“Under almost any reasonable set of assumptions, headline CPI will start increasing at a fairly steady clip in coming months as last year’s energy price falls begin to drop out of the calculations.”

“German CPI data came in as we expected (and stronger than markets), and we expect to see a repeat on Friday with upside risks to euro area inflation. We expect a 0.1% y/y reading (markets: 0.0% y/y), up from -0.1% y/y in September.”
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