Latest inflation data now out

  • -0.3% prev
  • yy -0.7% vs -0.6% exp vs -0.9% prev
  • HICP mm +0.3% as exp vs +0.4% prev
  • yy -0.9% as exp vs -1.1% prev revised down from -0.9%

Also out Spanish retail sales Sept:

  • yy +4.4% vs +3.1% prev revised down from +3.2%
  • yy SA +4.3% vs +3.0% exp vs +3.0% prev revised down from +3.1%

Not a lot to glean from this data overall. Softer yy inflation but healthier retails

Euro finding a few sellers as Europe and now London get going and equity markets look firm

EURUSD 1.0918 EURGBP 0.7155 EURJPY 131.91