To The Moon

Europe’s previous CPI was at 10.6%, current at 10%. There are 19 countries that use the euro.

• Germany, slid to 11.3% from 11.6%

• France held steady at 7.1%

• Italy ticked down to 12.5% from 12.6%

• Spain saw a larger decline, to 6.6% from 7.3%

Prices are still climbing at an uncomfortably fast clip, driven up by the increasing cost of energy and food.

Double-digit inflation remains a huge problem for policymakers, who have indicated they will press ahead with efforts to get prices under control.

November numbers could give the European Central Bank space to boost rates by 0.5% point instead of by 0.75% when it meets next month.

The real danger will be with the continuous rise in interest rates and yet the dollar starts weakening, just like the pound. The dollar is trading lower in the past weeks, I am keeping watch on this closely. However, it is not all bad news, we can invest differently…

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