French inflation data for May was released today at 7:45 am BST and came in mixed. On one hand, headline CPI inflation remained unchanged at 2.2% YoY, while market expected acceleration to 2.4% YoY. However, HICP inflation accelerated more than expected in May, with headline HICP accelerating from 2.4% to 2.7% YoY. Economists expected an acceleration but only to 2.5% YoY.
French consumer spending data for April was released simultaneously, turned out to be a big disappointment. Spending dropped 0.8% MoM, while economists expected 0.2% MoM increase.
إبدأ بالإستثمار اليوم أو تدرّب على حساب تجريبي
إنشاء حساب حساب تجريبي تحميل تطبيق الجوال تحميل تطبيق الجوالEUR response was muted. While EURUSD gained following the release, scale of the move was very small and didn't exceed 0.1% in the five minutes of trade. European index futures, like DE40, ticked lower, but also in this scale scale of the move was barely noticeable.
Source: xStation5
