French price gains accelerate in October, energy surge keeps ECB rate hike in view
French inflation accelerated in October, driven by energy prices. Core and services inflation also rose, reinforcing expectations of a December ECB rate hike.
Two Fed speakers, including Bowman, are scheduled during the Asian session, with a generally uneventful calendar.
Bowman spoke previously:
She is scheduled to speak again during Asian trading hours. Her stance is unlikely to shift in just a few hours. Paulson is also set to appear.
The calendar holds little market-moving potential.
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French inflation accelerated in October, driven by energy prices. Core and services inflation also rose, reinforcing expectations of a December ECB rate hike.
Germany's October wholesale price index rose 0.4% month-on-month, easing from a 1.9% gain in September.
Growing Fed rate hike bets rocked Asian markets, with JGB yields rising, yen near 160, and bitcoin below $69,000.
Treasury yields climbed back to multi-year highs this week, reviving fears of sticky inflation and fiscal deficits that had been pushed aside.