#euro Last week @Isabel_Schnabel #ECB warned of risks of re- #inflation amit deteriorating growth, chart @opinion https://tinyurl.com/4s2wu55d

#euro #German Govt bond yields, chart @BloombergTV

#euro rates: some downward pressure on rates is likely even in a hawkish hold. +8bp is priced for the Sep meeting, 17bp in total to the Dec meeting, chart @SvendsenAnders @NordeaMarkets

#euro area #oil prices are in neg territory until the rest of the year, chart @TS_Lombard

FX: de-dollarization? ---The #renminbi makes up just 2.3% of SWIFT payments, versus US #Dollar ’s share of 43% and #euro ’s share of 32%, chart @JPMorganAM

#euro zone: A sequential analysis of #inflation data, as opposed to y-o-y comparisons, reveals a somewhat faster downward trajectory, notes @Ludovic_Subran @AllianzGlobal

US economy still has more momentum and activity than the #euro zone and anywhere else in the world, chart @markets https://tinyurl.com/5an7mfxn

#euro market pricing of @ECB policy rate moves – Note: #ECB 's Klaas Knot says markets may underestimate Sept rate hike chances, chart @BloombergTV https://tinyurl.com/2tj4smz6

#euro market pricing of @ECB policy rate moves, chart @BloombergTV

#euro area #inflation PPI in July 2023: -0.5%M, -7.6%Y chart @eurostat_EU http://tinyurl.com/2zdfjft4

#GoldmanSachs expects a further large core #inflation slowdown in the #euro area and even the hard-hit #UK over the next 6-12 months, notes Jan Hatzius @GoldmanSachs

#euro area #inflation CPI in July: 5.3%Y (June: 5.5%, 2022: 8.9%), -0.1%M, core: 5.5%Y, -0.1%M, chart @EU_eurostat bit.ly/3DZBEzS

#euro area #food CPI versus FAO Food Index, chart @TS_Lombard

#euro area money-markets currently price a 40% chance of a 25bp #hike from @ECB in Sept., with a further 66bp of #cuts priced for next year, chart @markets bit.ly/47sUXPC

#euro area: The recent swings in the price for #NaturalGas highlight the lingering risk of #supply disruptions to the more benign #inflation dynamics of late, chart @markets bit.ly/47sUXPC

#euro area goods #deflation signals flashing, while services disinflation continues, chart @TS_Lombard

The combination of #ECB ‘s higher interest rates and renewed restraint in Govt spending is threatening to strangle expansion in the #euro zone, raising the risk of a nasty #recession - chart @economics https://tinyurl.com/4ufsz7ya

From Jan. to July the price of a #BigMac has risen more than 2x as fast in the #euro zone and #Britain, and nearly 4x as fast in #Canada.

#euro area July flash HICP is still consistent with a bumpy, but clear, #disinflationary trend in 2H2023, chart @TS_Lombard

#eurozone #euro real yields are materially positive – higher for longer will increasingly squeeze the European economy, chart (awesome) @TS_Lombard