February data now out

  • yy +1.0% vs +0.8% exp vs +0.9% prev
  • HICP final mm -0.4% as exp/flash
  • yy -1.0% vs -0.9% exp/flash
  • CPI mm -0.4% vs -0.3% exp/flash
  • yy -0.8% as exp/flash

Core reading somewhat negating the softer final readings in the others.

Euro still heading lower as European trading gets fully underway. No doubt a few longs happy to take some money off the table given the lack of further momentum higher. Similarly the bears will be out hunting too.