FX:Euro zone flash CPI eases in line with expectations
Forexpros – Consumer price inflation in the euro zone eased broadly in line with market expectations in December, preliminary data showed on Wednesday.
In a report, Eurostat said consumer price inflation rose by a seasonally adjusted 2.8% in December, down from 3.0% in November.
The rate remains above the European Central Bank's target of near but just below 2%.
Following the release of the data, the euro was fractionally lower against the U.S. dollar, with EUR/USD easing down 0.05% to trade at 1.3043.
Meanwhile, European stock markets remained mixed. The EURO STOXX 50 slumped 0.65%, France’s CAC 40 fell 0.2%, London’s FTSE 100 rose 0.35%, while Germany's DAX shed 0.3%.
