Analysts at TD Securities point out that in the Eurozone, preliminary October inflation is released in Germany, and they see small upside risks with headline inflation printing 2.5% y/y (mkt: 2.4%).
Key Quotes
“Rising energy prices are a key contributor to our upside surprise, though base effects from package holidays could contribute importantly as well.”
“Euro area 18Q3 GDP is released, and we are in line with the market looking for growth to register 0.3% q/q, its lowest pace since 2016Q3. Weak German auto production (-17% q/q) is a key driver of the weakness, but its effects should be temporary.”
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