ECB: 12-month forward inflation projections remain steady at 4%
The latest survey by the European Central Bank (ECB) of consumer inflation expectations shows that one-year forward inflation projections remain steady at 4%.
Three-year forward inflation projections have cooled down to 2.9% from March’s reading of 3%.
Five-year forward inflation projections have remained steady at 2.4%.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
A $20 Billion Gap! OpenAI Revenue Falls Far Short of Expectations, AI Sector Hit Hard, Oracle Drops Over 5%, Applied Optoelectronics Plunges 13%
The latest investor document from OpenAI shows that as of the end of September, the annualized revenue was "close to $5 billion," which is much lower than the previously rumored market expectation of $7 billion. The discrepancy is due to different statistical methods, but it has nevertheless shaken market confidence in the high demand for AI. Nvidia fell about 3%, while cloud service stocks Nebius and CoreWeave both dropped more than 7%, and optical interconnect stock Coherent fell 7%.
Hurricane Approaches the U.S. Gulf of Mexico, Shutting Down a Quarter of Oil Production and Pushing Oil Prices Higher
About 512,000 barrels per day of oil production in the Gulf of Mexico have already shut down, accounting for 25% of the region’s total output, and 16% of natural gas production has been suspended. Companies such as Shell and Chevron have evacuated non-essential personnel. It is estimated that roughly 2.7 million barrels per day, or 14% of the US refining capacity, are located within or near the projected hurricane path. Currently, crude oil and refined product prices are elevated, and US refineries are operating at full capacity to fill the gap. Mizuho Securities warns that if US refining capacity is forced offline, the consequences "will be catastrophic."
US agencies: Blockchain records do not grant legal IP ownership for NFTs
Trump “Debunks Rumors”? Says He Won’t Attack Iran Before Election; Iranian Foreign Minister Says Negotiations Held Through Mediators
On the US side, Trump stated that productive talks are ongoing with Iran, and that there will be no attack on Iran before the US midterm elections on November 3. The news pushed US Treasury yields lower, while crude oil gave back part of its gains, and gold quickly turned higher. The US has imposed a new round of sanctions on Iran, targeting 17 vessels transporting Iranian crude oil and petrochemical products. On the Iranian side, the Iranian Foreign Minister said that Iran has listened to the US response regarding the "seven-day plan" and will reply within a few days. The commander of the Islamic Revolutionary Guard Corps of Iran stated that they are ready at any time to deliver a devastating response to the enemy, and that the Strait of Hormuz is Iran's strategic red line.
Crypto prices
More
