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Annual euro zone inflation rose to 2.3% in November from 2% in October, in line with Reuters poll expectations. Core inflation held at 2.7% and services inflation eased slightly to 3.9%.
Markets have fully priced in a 25-basis-point ECB cut for December.
The data confirms expectations and leaves the ECB easing path intact, so it has little direct effect on feed commodity prices.
cnbc.comJenni ReidNov 29, 2024After 54 past report events, EURUSD moved a median +0.1% over 5 sessions (59% higher; middle half -0.4% to +0.8%), and +0.1% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
