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Germany: February Annual inflation at lowest level in over two years

According to data released today by Destatis, German annual inflation grew 1.5% in February, following a 1.7% increase in January. This result is in line with analysts' forecasts and it is the lowest level registered by the indicator since November 2010. On a monthly basis German CPI climbed 0.6% in February, after sliding 0.5% in January, as expected.

Year-over-year German HICP rose 1.8% in February, slightly down from 1.9% in January. On a monthly basis HICP rose 0.8%, following a 0.7% fall.

Forex: EUR/USD indifferent after German CPI

The bloc currency remained apathetic after February’s consumer prices in the German economy rose 1.5% over the last twelve months and 0.6% on a monthly basis, in line with forecasts. Wholesale prices...
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Asian markets in "risk-off" on Tuesday

Japan's Nikkei Stock Average took profits (-0.28%) after a 8-day winning streak despite improving consumer confidence in February, from 43.3 to 44.3. Mainland China's Shanghai Composite (-1.03%), Hong Kong's Hang Seng (-0.43%) and South Korea's Kospi (-0.50%) also moved lower on Tuesday.
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