Inflation data now out

  • +0.6% prev
  • yy -0.3% vs -0.5% exp vs -0.7% prev
  • HICP mm +0.2% vs 0.0% exp vs +0.3% prev
  • yy -0.4% vs -0.7% exp vs-0.9% prev

Stronger headlines but still weaker than previous and that's not good for Spain, Eurozone or ECB