Five Things You Need to Know to Start Your Day: Europe
Get up to speed with what the markets are monitoring
Good morning. It’s a busy day for data, with a slew of inflation readings due today. The US dollar is set for a second monthly loss. Chinese EV makers suffer a setback in Europe. Here’s what people are talking about.
Investors have a lot to digest data wise as they ponder the path forward for European interest rates. With CPI data from the euro zone, France and Italy due today, the recent disinflationary trend will be in focus. Especially after German inflation slowed to the European Central Bank’s target in August — supporting the case for another rate cut next month. For inflation in the bloc itself, analysts see a retreat to 2.2%. That said, there’s a cautious voice. Governing Council member Joachim Nagel said the ECB should be wary of easing policy too rapidly given inflation hasn’t yet returned sustainably to 2%.