Key gauge of euro zone market inflation expectations jumps to highest since Jan 2020


Investing.com - Financial Markets Worldwide

No results matched your search

Economy7 hours ago (Jan 06, 2021 06:55AM ET)

© Reuters.
© Reuters.

LONDON (Reuters) – A key market gauge of long-term inflation expectations in the euro area rose on Wednesday to its highest level in almost a year, boosted by rising U.S. inflation expectations.

The five-year, five-year breakeven forward, rose to just above 1.29%, its highest level since January 2020 — before the spread of the coronavirus wrecked havoc on the economy and depressed inflation.

But a growing perception that a win for Democrats in a Senate runoff race in Georgia may signal more fiscal spending under President-elect Joe Biden in the months ahead has boosted U.S. inflation expectations, spilling over into Europe.

The five-year, five-year rate – closely tracked by the European Central Bank – is a positive sign for the central bank, which has struggled to boost inflation towards its near 2% target.

Related Articles

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Read More

Spread the love
Nicholas ‘Nick’ Statman entered the property industry in 2001 and set up a property buying company that quickly established itself as one of the biggest in the sector. During this time the Company successfully transacted on thousands of residential properties across the UK. Nicholas Statman was an early pioneer of the ‘quick sale’ niche market which has since grown considerably with a multitude of companies now operating in the sector. Nicholas Statman has strategically built a sizeable residential and commercial property portfolio with a view to holding for optimum capital growth and a long term passive income. Nicholas Statman has been involved in almost every aspect of the property sector over a 20 year period – this includes buying and selling, development, letting and management and is now involved in the fast growing online/ hybrid Estate Agent industry.

Latest articles

Borderlands movie gets “final” trailer ahead of August’s release

Sure, TV seems to be doing a decent job of making video game adaptations that don't utterly suck these days, but the movie world's still waiting for its The Last of Us moment. Will it come in the form Gearbox's soon-to-be-released Borderlands film? Probably not, but if it's brightly coloured chaos you're after...

Crash Bandicoot N. Sane Trilogy is coming to Xbox...

It looks like Crash Bandicoot N. Sane Trilogy is on its way to Xbox Game Pass next month. That's according to leaker eXtas1stv, who previously correctly leaked that Call of Duty Modern Warfare 3 would arrive on Game Pass on 24th July, which was officially confirmed yesterday...

PlayStation 5 adding way to save power when charging...

Sony has detailed its a fresh wave of PlayStation 5 features set to be tested as part of its next system software beta update. This will include "adaptive charging", designed to save power if you have plugged in controllers to charge while your console is in rest mode...

Twitch updates sexual harassment policy to make it “easier...

Twitch has updated its policy on sexual harassment, and added a new category to its AutoMod tool, to improve safety on its platform. In a new blog post titled "How we're combatting sexual harassment on Twitch", the streaming platform highlights clarifications to its policy. "While our policy remains largely unchanged...

Similar articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Subscribe to our newsletter

Spread the love