According to a flash estimate from Eurostat, Eurozone annual inflation is projected to rise to 2.4% in December 2024, up from 2.2% in November.
In the euro area, services are expected to lead annual inflation with a rate of 4.0%, up slightly from 3.9% in November. Food, alcohol, and tobacco are forecast to remain steady at 2.7%, unchanged from November. Non-energy industrial goods are projected to dip to 0.5%, down from 0.6% in the previous month. Energy inflation is anticipated to rebound to 0.1% after falling by -2.0% in November.
Source: Eurostat
Global markets remained defensive as stalled U.S.–Iran negotiations and persistent Middle East tensions continued to fuel inflation concerns and strengthen the dollar.
Global markets remained under pressure as persistent inflation concerns and stalled U.S.–Iran diplomacy reinforced expectations for tighter monetary policy.
Detail Yields Rise While Metals Trade Mixed (05.13.2026)Global markets turned cautious as escalating U.S.–Iran tensions and stronger U.S. inflation data reinforced expectations for higher interest rates.
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