Eurozone CPI to surge to 1.8% y/y for April - TDS

The research team at TDS points out that we have several data releases of varying importance, with the top one Eurozone CPI at 10am BST.

Key Quotes

“After the upside surprises in Germany and Spain yesterday, we revised our forecast from 1.7% y/y to on-consensus 1.8% y/y for April (a larger bounce in services prices than we anticipated).  Other data releases this morning include French Q1 GDP (consensus +0.4% q/q) and Eurozone M3 data, plus French and Italian CPI.”