Eurozone: Flash inflation to remain at the 1.3% level – Danske Bank
|According to analysts at Danske Bank, the main event on the global front is the Euro flash inflation for April and they expect it to remain at the 1.3% level from March.
Key Quotes
“We project core inflation will decline back to 0.9%, due to Easter base effects from 2017 becoming a drag on services prices. A temporary increase in headline inflation in coming months is likely because of energy price inflation, although we expect the underlying price pressure remains subdued going forward.”
“We also get UK PMI services for April, which may be decisive for Bank of England ' rate decision next week. It fell sharply to 51.7 in March, which was much more than suggested by other confidence indicators. We estimate a rebound to 53 in April.”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.