Germany Oct PPI mm 0.3% vs 0.3% expected
German Oct PPI data now out 20 Nov
- 0.3% prev
- 2.7% as exp vs 3.1% prev
Not too much to glean. Steady as we go but softer yy give a bearish tone to pipeline inflation
EURUSD 1.1736 with eyes on talks later today between Merkel and the German president Steinmeyer. I warned about the risk of the coalition talks in posts on Friday and Saturday.