German inflation rose less than forecasts in November

Market news

29 November 2016

German inflation rose less than forecasts in November

The inflation rate in Germany as measured by the consumer price index is expected to be +0.8% in November 2016. Based on the results available so far, the Federal Statistical Office (Destatis) also reports that the consumer prices are expected to increase by 0.1% on October of the year.

The harmonised index of consumer prices for Germany calculated for European purposes is expected to be up 0.7% year on year.However, it is not expected to change from October 2016. The final results for November 2016 will be released on 13 December 2016.

U.S.: GDP, q/q, Quarter III 3.2% (forecast 3%)

The yen fell significantly against the dollar, reaching yesterday's low on improved risk sentiment. USD/JPY is trading at Y112.90, important resistance area, with an increase of 0.86%. US GDP to dictate the price action

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