Fast Take
- Shopper worth inflation got here in sizzling for the E.U. and accelerated in France and Spain.
- Spanish CPI (Y/Y) Feb: 6.1% (est 5.8%; prev 5.9%)
- France CPI YoY 6.2% (est. 6.1); MoM 0.9%(est.1%)
- E.U. providers inflation tends to lag U.S providers inflation by round 5 months, including to the ECB’s hawkish stance.
- Because of this, E.U bonds are promoting off and the 10-year yield is at its highest degree since 2011.
The submit Macro Insights: European CPI reaccelerates, when economists anticipated a slowdown appeared first on CryptoSlate.
