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Eurozone CPI at 0.1%

Wednesday, Dec 02 2015
Euro area annual inflation is expected to be 0.1% in November 2015, stable compared with October 2015, according to a flash estimate from Eurostat. Analysts were anticipating increase to 0.2%.
Looking at the main components of euro area inflation, food, alcohol & tobacco is expected to have the highest annual rate in November (1.5%, compared with 1.6% in October), followed by services (1.1%, compared with 1.3% in October), non-energy industrial goods (0.5%, compared with 0.6% in October) and energy (-7.3%, compared with -8.5% in October). 
 
Euro is currently being traded around 1.0620 area. Pair is likely to find support around 1.0560 handle and resistance above 1.0630 level. Later today, in the US session, ADP job figures are scheduled for a release.
More in this category: « UK Construction PMI weakest weakest since mid-2013 Private sector employment increased by 217,000 jobs »

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