German inflation slumps in October

German inflation slumps in October”

The Euro is lower versus the dollar and pound as Gilts are outperforming as Sterling strengthens and the 10-year is down. GDP is up 0.6% in Q3 2017, better than 0.5% expected and on top of an upward revision for Q2: 0.7%.

The Bank of Japan kept monetary policy steady, despite efforts from its peers in the USA and Europe begin to wind down stimulus.

But consumer price growth in October eased to 1.4 per cent year-on-year, a Eurostat estimate showed, from 1.5 per cent in the previous two months.

ECB President Mario Draghi warned Thursday that inflation would slow in the coming months before picking up again gradually, as he gave a press conference explaining the bank's decision to slash its bond-buying programme.

Preliminary data for the whole euro zone is due on Tuesday and should show an unchanged value of 1.5 percent in October, according to a Reuters poll.

Sterling was up slightly against the United States dollar at £1.3204 as traders hold steady in anticipation of big news out of the U.S. this week, including the Federal Reserve's interest rate decision on Wednesday and national employment figures on Friday. The French economy grew 0.5 percent in the third quarter, while Spain's expanded 0.8 percent.

France was the first to report, posting GDP growth of 0.5 per cent between July and September and inflation of 1.2 per cent in the year to October, both of which were slightly ahead of traders' predictions.

The unemployment rate fell to 8.9 per cent of the workforce or 14.513 million people in September from a downwardly revised 9.0 per cent, or 14.609 million, in August. The number is lower than initially expected, but not a total surprise after the marked deceleration in German HICP reported Monday to 1.5% year over year from 1.8% year over year in September.

But a sharp fall in energy price growth - one of the most volatile elements of the "basket" of goods used to measure inflation - from 2.7 percent in September to 1.2 percent in October helped slam on the brakes. However, inflation came out below expectations: 1.4% y/y on the headline and a big disappointment on core inflation: 0.9%.

Like this



31 October 2017
Liam Gallagher set to appear on 'Celebrity Gogglebox'
The Gogglebox Celebrity special - which will air Friday at 9pm - will be part of Channel 4's Stand Up To Cancer campaign. According to The Sun , an insider said: "Liam is one of the most opinionated celebrities ever".

31 October 2017
Russia's Lavrov says allegations of meddling in USA election are 'fantasies'
Washington is trying to elbow Russian Federation out of the weapons and energy markets, Sergei Lavrov says. Russian Federation has repeatedly denied any attempt to influence the 2016 presidential election.

31 October 2017
(PG) Insider Sold $267738.90 in Stock
More interesting news about Procter & Gamble Co (NYSE:PG) were released by: and their article: "Procter & Gamble Co". On average, equities analysts predict that Procter & Gamble Company will post $4.17 earnings per share for the current year.

31 October 2017
The Tigers player identified and his punishment has been revealed
She said the club would be looking for ways to educate players to ensure similar incidents never happen again. She said Broad would be barred from playing in the Tigers' first three matches of the 2018 season.

31 October 2017
Caso Kevin Spacey, Netflix fermerà "House of Cards" dopo la sesta stagione
Eppure è stato comunicato da Netflix , e precedentemente ipotizzato da fonti non ufficiali, che la scelta era antecedente lo scandalo di mesi.

31 October 2017
Prue Leith accidentally tweets Bake Off victor
Poor old Prue Leith has managed to blow tonight's Great British Bake Off by tweeting about the victor this morning. The tweet was hastily deleted, but not before many people had noticed and remarked upon the gaffe.

31 October 2017
Analytical Preview of Twenty-First Century Fox, Inc. (FOXA)
Twenty-First Century Fox , Inc. on 6/29/2017 reported its EPS as $0.51 with the analysts projecting the EPS of the stock as $0.44. Following the completion of the sale, the director now owns 55,647 shares of the company's stock, valued at $1,558,672.47.

31 October 2017
Bank of America Corporation Downgrades Under Armour, Inc. (UAA) to Underperform
TRADEMARK VIOLATION WARNING: This article was originally reported by StockNewsTimes and is the property of of StockNewsTimes. The apparel retailer reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.04.

31 October 2017
Active Stock Picking: Suncoke Energy Inc (SXC) and Iconix Brand Group (ICON)
The Magic Formula was introduced in a book written by Joel Greenblatt, entitled, "The Little Book that Beats the Market". The ratio may be used to provide an idea of the ability of a certain company to pay back its liabilities with assets.

31 October 2017
Instagram redesigns Stories previews and tests Stop-Motion camera
This comes in the form of mid-feed preview tiles for Stories which was discovered over the weekend by Chris Messina . The bar along the top that usually houses Instagram Stories is still there, but it no longer appears mid-feed.