In a notable development for the Eurozone, December's unemployment rate fell to a record low of 6.2%, indicating a tighter labor market. Meanwhile, inflation expectations for 1-year remained steady at 2.8%, but 3-year expectations unexpectedly rose to 2.6%. Despite these mixed signals, the Eurozone's GDP grew by 0.3% quarter-on-quarter and 1.3% year-on-year, highlighting ongoing economic resilience.
“Eurozone Dec unemployment rate · fell · -0.1”
“Eurozone Dec unemployment rate · matched · a record low of 6.2%”
“ECB Dec 1-year inflation expectations · were unchanged · at 2.8%”
“Dec 3-year inflation expectations · unexpectedly rose · +0.1 to · 2.6%”
“Eurozone Q4 GDP · rose · +0.3% q/q”
“Eurozone Q4 GDP · rose · +1.3% y/y”
“German Jan CPI · fell · -0.1% m/m”
“German Jan CPI · rose · +2.1% y/y”
“Swaps · are discounting · a 2% chance of a +25 bp rate hike”
“KLA Corp · closed · down more than -15%”
“Western Digital · closed · down more than -11%”
“Seagate Technology Holdings Plc · closed · down more than -9%”
