US Stock Futures Jump on Reports of Preliminary US-Iran Peace Deal Despite Fed’s Hawkish Outlook 
Japan Inflation Stays Below BOJ Target Despite Rate Hike and Rising Energy Cost Risks 
Dollar Surges After Fed Holds Rates Steady, Signals Potential Tightening Ahead 
German Industry Employment Falls to Lowest Level in a Decade 
Fed Chair Kevin Warsh Signals Policy Overhaul as Hawkish Rate Outlook Rattles Markets 
Dollar Hits One-Month High as Hawkish Fed Outlook Boosts Greenback 
Japan Signals Readiness to Intervene as USD/JPY Nears 161 Amid Yen Weakness 
Oil Prices Ease as Markets Weigh U.S.-Iran Peace Deal and Strait of Hormuz Reopening 
Today's series of data from Euro zone economy shows that economic activities have remained solid in Euro Zone.
- Survey shows that businesses are more confident over future growth and rise in consumption. Retail sales in Spain went up and recorded 4.3% growth in September from a year ago, compared to 3% in August.
However inflation dynamics have been weak across Euro zone.
- Flash reading on HICP inflation in Spain showed price is down -0.9% in October compared to -1.1% in September. Improvement but not strong enough.
- German inflation data painted similar picture. Flash reading showed that Germany is not in deflation but improvement is weak with no price growth in October from September.
This meager improvement in inflation is unlikely to stop European Central Bank (ECB) to take more aggressive stance. ECB is unwillingly to take the mandate loosely and President Draghi has indicated that headline inflation is the policy mandate not the core components.
Euro is currently trading at 1.093 against Dollar.
Chart courtesy Zoe Schneeweiss, Bloomberg economy editor.
