Market insights

Critical US Inflation Number Today - MI121023

Global traders will be keenly watching the US inflation number later this afternoon. This should be an indicator of whether the top has perhaps been reached in a tough 18 months. Analysts are expecting annualised growth of 3.6% which is down just 0.1% from last months reading. It will also provide a bead on the potential for further rate hikes.

That's the headline news today. However there's also some GBP/EUR news out just before that with a speech from the ECB's Fabio Panetta and the ECB's monetary policy meeting accounts.

With that in mind there could well be a degree of volatility in currency markets today.

Going into tomorrow the volatility could well continue with a raft of strong Chinese data. Inflation there is expected to show at 0.2% annualised growth, and there's also import and export data out which is seen as one of the bellwethers of the global economy.

Business news continues on the same vein regarding interest rates as a reaction to excessively high inflation.

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Economic calendar

EUR 12:00 ECB's Fabio Panetta Speech

EUR: 12:30 ECB's Monetary Policy Meeting Accounts

US: 13:30 Inflation Number

CHN: Friday 02:30 Inflation Number

CHN: Friday 04:00 Import and Export Data

As ever we look forward to looking after you and please keep an eye out for our next Insight.

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