29 Jan 2015
German inflation may drop into negative territory –TDS
FXStreet (Barcelona) - Prashant Newnaha, Asia-Pacific Macro Strategist, at TD Securities previews today’s German data releases, expecting German inflation to fall to -0.2%yoy.
Key Quotes
“The focus today will be on German inflation, which should dip into negative territory in January, and remain there for most of the first half of the year. We’re in line with consensus in looking for a reading of -0.2% Y/Y, with the risks likely tilted to the downside. The scope of the decline here will give us a better tracking on Eurozone CPI tomorrow.”
“Today we also have German unemployment data for January, where markets are looking for a more moderate -10K decline after the larger -27K drop the month before.”
Key Quotes
“The focus today will be on German inflation, which should dip into negative territory in January, and remain there for most of the first half of the year. We’re in line with consensus in looking for a reading of -0.2% Y/Y, with the risks likely tilted to the downside. The scope of the decline here will give us a better tracking on Eurozone CPI tomorrow.”
“Today we also have German unemployment data for January, where markets are looking for a more moderate -10K decline after the larger -27K drop the month before.”