The German bunds traded nearly flat during European session of the last trading day of the week Friday after the Eurozone’s consumer price inflation (CPI) for the month of February met market expectations, rising from the previous reading in January.
The German 10-year bond yields, which move inversely to its price, remained tad higher at 0.090 percent, the yield on 30-year note remained flat at 0.747 percent and the yield on short-term 2-year too hovered around -0.541 percent by 10:40GMT.
The euro area annual inflation rate was 1.5 percent in February 2019, up from 1.4 percent in January 2019. A year earlier, the rate was 1.1 percent. European Union annual inflation was 1.6 percent in February 2019, up from 1.5 percent in January.
A year earlier, the rate was 1.4 percent. These figures are published by Eurostat, the statistical office of the European Union. The lowest annual rates were registered in Ireland (0.7 percent), Greece, Croatia and Cyprus (all 0.8 percent). The highest annual rates were recorded in Romania (4.0 percent), Hungary (3.2 percent) and Latvia (2.8 percent).
Compared with January this year, annual inflation fell in seven Member States, remained stable in one and rose in nineteen. In February 2019, the highest contribution to the annual euro area inflation rate came from services (+0.61 percentage points, pp), followed by food, alcohol & tobacco (+0.44 pp), energy (+0.35 pp) and non-energy industrial goods (+0.09 pp).
Meanwhile, the German DAX remained tad 0.50 percent higher at 11,644.91 by 10:45GMT, while at 10:00GMT, the FxWirePro's Hourly Euro Strength Index remained neutral at 36.66 (higher than +75 represents bullish trend). For more details, visit http://www.fxwirepro.com/currencyindex