Latest data released by Eurostat – 20 October 2021
The preliminary release can be found . No change to the initial estimates as it reaffirms a continued jump in euro area annual inflation, keeping the pressure on the ECB to try and maintain its supposed ‚transitory‘ narrative.

Reuters report, citing sources with knowledge of the matter
A few weeks back, Evergrande were involved in a deal to sell a 51% stake in its property services unit to Hopson Development Holdings as part of a restructuring plan to avoid a potential default in the firm.

Remarks by ECB policymaker, Boštjan Vasle
It looks like someone didn’t quite get the message on the whole transitory inflation narrative. But as long as majority – if not most – policymakers continue to play it down, don’t expect the market to take much cues from the remarks above.

Dollar falls to the lows for the day
USD/JPY is sitting slightly lower around 114.00-10 as it has throughout the session but the rest of the major currencies bloc have pulled higher against the two currencies.

Risk stays in a better spot to start the week
Dip buyers stepped in yesterday to secure a modest advance after some sluggish tones and the more optimistic mood is continuing so far today with S&P 500 futures less than 1% away from its all-time highs currently.

Further remarks by Rehn
The headline is a fair point but even core CPI has jumped up to close to 2% in the latest . Sure, some of the factors driving the surge may be perceived to be temporary but again, what exactly is the definition of transitory here?

Facebook page of former Secretary of State Powell dead at 84
The official Facebook page of former US Secretary of State Colin Powell says he died today of complications due to covid.

A quick recap
Mark Minervini was on CNBC on Friday and was asked about Upstart, a company he owned and let’s just say it didn’t go well.
You can judge for yourself, but the impression that most people got was that he didn’t know what the company did.

Forex news from the European trading session – 18 October 2021
Headlines:
Markets:
– USD leads, AUD lags on the day
– European equities lower; S&P 500 futures down 0.2%

The market is ramping up BOE rate hike expectations
That of course follows the more hawkish remarks by Bailey over the weekend .
here
It’s important to also put into context the remarks by Bailey as he does put a few caveats associated with any move that the BOE may take in the coming meetings: