Some further positive data from the Eurozone can’t help get the euro off the mat

Catching up on the data and there’s been some good news in Europe

  • German Sep 2017 Import prices 0.9% vs 0.4% exp m/m. Prior 0.0%
  • 3.0% vs 2.6% exp y/y. Prior 2.1%
  • French Oct 2017 consumer confidence 100 vs 101 exp/prior
  • Spanish Sep 2017 retail sales 2.1% vs 1.6% prior y/y. Revised to 1.7%

Inflationary numbers for Germany and good retails for Spain. France, a minor miss. Ireland not looking too hot on the retail front with sales -2.4% vs -4.2% m/m & 1.2% vs 4.7% y/y.

Lastly, just out, Italy’s Confindustria says they expect a good Q3. EURUSD glued between 1.1620 and 1.1640.

Ryan Littlestone

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