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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.”