Latest data released by Eurostat – 29 September 2021
That said, the more pressing detail in the report is that on prices. Selling price expectations among manufacturers rose to 38.2 from 37.3 in August, setting a new record high in the survey while consumer inflation expectations rose to 33.1 from 31.1 in August – closing in

Forex news from the European trading session – 28 September 2021
Headlines:
Markets:
– USD leads, NZD lags on the day
– European equities lower; S&P 500 futures down 0.8%

GBP/USD falls below 1.3600 for the first time since 21 July
Money markets have now moved to price in a BOE rate move to 0.50% in June next year as compared to August pricing last week. While that may seem supportive for the pound, the reasoning for such a hike in rates is less encouraging.

Reuters reports on the matter
The report says that Beijing is pushing for government-owned firms and state-backed property developers to purchase some of Evergrande’s assets, citing people with knowledge of the matter.

China to take measures in dealing with the troubling power crunch
It is a tall order given the situation and there is already an expected toll to be had on China’s economy going into Q4. We’ll see how things go in the next few weeks/months but for now, the situation is still rather cumbersome – much

A look at what is on the board for today
I thought I posted this earlier but missed it in the drafts, so apologies on that. Just a couple of ones to take note of today, as highlighted in .

Remarks by Chicago Fed president, Charles Evans

Remarks by ECB president, Christine Lagarde
Adding to that, expect the so-called baseline scenario to include stepping up APP purchases eventually as they would look to ease the transition post-PEPP next year.

S&P 500 futures turn negative, down 0.1%
is starting to weigh on stocks at the moment as the early optimism fades in the equities space. Tech stocks are hurt the most as Nasdaq futures are marked down 0.6% after having traded positively as much as 0.3% earlier.

Adds that German inflation could stay above 2% through to mid-2022
The German central bank remarks in its monthly report but I reckon the key word in all of this is that they still view such price increases as „temporary“. However, this is the can being kicked down the road as policymakers had previously viewed this