According to the flash estimate published by the INE, the annual inflation of the CPI in November 2016 is 0.7%. This indicator provides a preview of the CPI that, if confirmed, would imply the maintenance of its annual change, given that in October this change was 0.7%. In this behavior, it is noteworthy the drop in the prices of fuels (gasoil and gasoline).
In turn, the annual change of the HICP flash estimate in November stands at 0.5%. If confirmed, the annual change of the HICP would remain the same as in the previous month. According to the flash estimate of the CPI, consumer prices register a 0.3% variation in November, as compared to the month of October.
Euro is currently being traded around 1.06 handle. Pair is likely to find support around 1.0550 area and resistance above 1.0670 level.
UK still likely to leave the EU with a negotiated agreement, says Number 10
Sentix Investors Confidence rose to 14.7 in August
German factory orders -4.0% seasonally adjusted on the previous month
China's July exports growth still seen holding up despite U.S. tariffs: Reuters poll
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