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Slight downside risks to German HICP - TD Securities

FXStreet (Łódź) - Prashant Newnaha, Asia-Pacific Macro Strategist at TD Securities expects the German HICP numbers, due out later today, to remain unchanged in October.

Key quotes

"We see slight downside risks to German HICP today, and look for HICP to remain flat at 0.8% y/y versus consensus for slight uptick to 0.9%."

"The risks do lie towards consensus as prices were generally slightly softer last month than usual which may provide some scope for a higher print, but overall, we think the large decline in oil prices, the largest in euro terms since June 2012, will be the dominant factor."

"German Lander and Spanish inflation figures earlier in the morning will, as usual, provide the early gauge for surprise."

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