Consumer prices in Germany held steady in September, but core inflation rose.
Germany’s inflation rate for September 2024 is predicted to be +1.6%, based on the change in the Consumer Price Index (CPI) compared to the same month last year. Preliminary data from the Federal Statistical Office (Destatis) indicates that consumer prices are expected to stay the same as in August 2024. Core inflation, which excludes food and energy prices, is estimated to be +2.7%.
Source: Destatis Statitiches Bundesamt
The euro rose to 1.1660 on optimism over potential Ukraine-Russia peace talks, while the yen held steady as the Bank of Japan signaled room for further hikes. Gold slipped on easing geopolitical tensions, though trade concerns and Fed cut expectations capped losses.
Markets Await Key Inflation and Policy Data (11-15 August)U.S. 10-year Treasury yields rose for a fourth consecutive session to 4.27% on Friday, rebounding from a three-month low. The move followed weak U.S. data, newly announced gold tariffs, and President Trump’s nomination of Stephen Miran to the Fed, which fueled concerns about a politicized central bank. Waning demand at recent bond auctions and rising expectations for rate cuts also influenced markets. Investors now look ahead to next week’s CPI release for policy signals.
Detail Markets Eye Fed Cuts as Geopolitical and Trade Risks Persist (08.08.2025)The euro held steady near 1.1660 on Friday, supported by hopes of a Russia-Ukraine peace summit and weaker U.S. economic data that fueled Fed rate cut expectations.
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