Merry Christmas!
Economic Analysis | DailyIn today's Eyeopener:
- Today Polish retail sales for November, US consumer spending and sentiment, PCE inflation
- Wages, employment and construction output stronger than expected, decline in industry
- Zloty even stronger, market rates rebounded higher
Fed surprised markets with a hawkish rate cut
Economic Analysis | DailyIn today's Eyeopener:
- Today, important local data, including production and labour market
- FOMC cut rates by 25bp, presenting a surprisingly hawkish message
- Slight improvement of consumer confidence in December
- Zloty slightly stronger, bond yields lower
URE approved distribution tariffs for energy
Economic Analysis | DailyIn today's Eyeopener:
- Today, FOMC decision - expected 25bp interest rate cut
- URE approved tariffs for energy distribution in 2025
- Mixed data from Germany and USA
- Zloty slightly weaker, bond yields higher
German manufacturing PMI lower again
Economic Analysis | DailyIn today's Eyeopener:
- Today, German business climate indices, MNB decision
- Core inflation increased to 4.3% y/y in November
- Manufacturing PMIs lower, but services higher in December
- Zloty slightly stronger, bond yields higher
Strong current account data
Economic Analysis | DailyIn today's Eyeopener:
- Today, core inflation data in Poland, flash PMIs in Europe
- November’s CPI inflation revised up from 4.6% to 4.7% y/y
- Current account balance better than expected, with €1.1bn surplus
- Zloty stronger, yields higher