Eurozone inflation falls to 1.8% in September, the lowest since 2021, with notable drops in energy and steady growth in services and essentials.
The Eurozone's annual inflation rate fell to 1.8% in September 2024, the lowest since April 2021, down from 2.2% in August and matching forecasts of 1.8%, based on preliminary estimates. Among the key components of Eurozone inflation, services registered the highest annual rate at 4.0%, a slight decrease from 4.1% in August. This was followed by food, alcohol, and tobacco, which rose to 2.4% from 2.3% in the previous month. Non-energy industrial goods remained steady at 0.4%, while energy experienced a sharper decline, dropping to -6.0% from -3.0% in August.
Source: EUROSTAT
Global markets remained focused on shifting Middle East developments and monetary policy expectations, with reports of progress toward a Strait of Hormuz shipping agreement influencing sentiment.
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Weak Jobs Data Hits Dollar as Hormuz Risks Persist (10 – 14 August)Global markets entered the week as investors reassessed the Federal Reserve's outlook after a surprisingly weak US employment report signaled further deterioration in labor market conditions. The Dollar Index fell toward a two-month low, while gold and silver held onto strong weekly gains as expectations for a September Fed rate hike dropped sharply. At the same time, uncertainty surrounding the Strait of Hormuz continued to influence oil prices and global inflation expectations, with Iran and Oman reporting progress toward a transit agreement but no broader resolution yet reached.
Detail Weak Jobs Data Supports Metals and Currencies (08.10.2026)Global markets opened the week with the dollar under pressure after unexpectedly weak U.S. employment data reduced expectations for a September Federal Reserve rate hike.
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