The Economic Bulletin of the European Central Bank raises long-term inflation expectations

Original title:[Finanza globale]The economic bulletin of the European Central Bank raises long-term inflation expectations, the euro returns to 1.18

The Economic Statement released by the European Central Bank on 12EURArealongInflation expectations.WithU.S. dollarStill weak, EUR / USDexchange rateStay on the 1.18 mark again.

The latest economic bulletin released by the European Central Bank on the same day showed that the next two yearsEurozoneCore inflation will remain low; however, long-term inflation expectations (2025) will be compared with previous forecasts.Time measurementAdjusted up by 0.1 percentage points to an average of 1.7%, this level is still significantly below the ECB’s 2% policytargets。

European Union of the daystatisticsAccording to data released by the Bureau, the Eurozone in Septemberindustryto produceChain reportUnexpected fall, much less than beforemarketpolleconomistOur expectation (increased by 0.7%).

　　Foreign currencyAnalystHe said that although the epidemic situation in Europe is becoming more severe and economic data is also disappointing,investmentLate ThursdayMidlandPresident Chu may suggest that further expansion of quantitative easing is expected. On that day, the euro / dollar’s rise was significantly greater than that of the dollar against the six largest.currencyThe DXY index fell and regained its mark of 1.18.

Indeed, since the US general election day, European stock markets have risen substantially, and their rise has largely outpaced the US stock market.market surveyIt shows that the first to promote this rebound round is mainly overseascorporate investor. On the one hand, the current election results in the United States are a big plus for Europe. On the other hand, compared to the US stock market, the European stock markets, which have not yet peaked before the outbreak of the new corona epidemic, have more room for upside. According to the analysis of the German Business Daily, this it could become the future eurorequestAn important motivation for growth.

Technical analysis shows that the current resistance level of the euro is 1.1835, followed by 1.1860 and 1.19; the support level is at 1.1740, therefore 1.17.

(Source: Xinhua Finance)

(Responsible publisher: DF537)