But first in the US, their inflation rate unexpectedly edged up to 3.2% in February, compared to 3.1% in January and above forecasts of 3.1%. The closely-watched core inflation rate slipped to 3.8% when it was expected to come in at 3.7%. As expected, the German inflation rate eased to 2.5% in February, down from 2.9% in January and 3.7% in December. Against the euro we have slipped to 56.3 euro cents and -20 bps lower. That all means our TWI-5 starts today at just on 70.3 and also -20 bps lower.

Source: Stuff March 13, 2024 00:52 UTC