Germany and Spain will release inflation data on Wednesday. France, Italy and the euro area’s aggregate numbers are due on Thursday.
In the US, initial jobless claims will be published on Thursday, and monthly employment data on Friday.
Powell did little on Friday to dissuade markets from the “higher for longer” mantra for rates, leaving some investors looking for more cautious bets in the event the economy cannot escape a downturn next year. According to Berenberg analysts, Powell’s remark “that the Fed is prepared to raise rates if appropriate and reasonable was probably the most interesting statement. What is appropriate and reasonable will become clear in the coming weeks”.
Lagarde said that profound changes in the global economy could create greater inflation volatility and more persistent price pressures. Italy’s 10-year bond yield, the benchmark for the euro area’s periphery, rose 1 bps to 4.241 per cent.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
FIFA suspends Spain football boss after World Cup kiss scandalLuis Rubiales has been provisionally suspended by FIFA following the Spanish Football Federation president's conduct at the women's World Cup final in Sydney.
Read more »
FIFA suspends Spain’s soccer boss over World Cup kissLuis Rubiales sparked a furore after he forcibly kissed a star Spanish player at the Women’s World Cup medals ceremony in Sydney.
Read more »
FIFA suspends Spain soccer boss after World Cup kiss scandalLuis Rubiales has been provisionally suspended by FIFA following the Spanish Football Federation president's conduct at the women's World Cup final in Sydney.
Read more »
Spain coach throws federation president Luis Rubiales under the bus after mass resignationsDivisive coach throws boss under the bus as World Cup kiss row sparks civil war
Read more »