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Figure Heloc 
Prior +2.3%HICP +2.5% vs +2.5% y/y prelimPrior +2.4%Core CPI +2.7% vs +2.6% y/y priorNo changes to the preliminary estimates here. As mentioned for the French CPI, the data hasn’t been much of importance for the market as the focus remains on the US-Iran war and the disruption in the Strait of Hormuz which is keeping oil prices elevated.The market is pricing in two rate hikes for the ECB by year-end. In my opinion, these expectations are overblown as that would just increase the pressure on stock markets, tighten financial conditions further and exacerbate the negative impact on the broader economy.
This article was written by Giuseppe Dellamotta at investinglive.com.
💡 DMK Insight
Inflation data from France is getting overshadowed by geopolitical tensions, and here’s why that’s crucial for traders: While the HICP and Core CPI figures remained stable, the market’s attention is firmly on the US-Iran conflict and its potential impact on oil prices and global supply chains. Traders should be wary of how these geopolitical risks could lead to volatility in not just commodities but also equities and currencies. If tensions escalate, we might see a spike in oil prices, which could ripple through inflation metrics and central bank policies, especially in Europe. Keep an eye on the 2.5% level in HICP—if inflation expectations shift due to these tensions, it could lead to a reassessment of monetary policy across the Eurozone. On the flip side, if the situation stabilizes, we could see a relief rally in risk assets. Watch for any sudden shifts in sentiment or news updates regarding the US-Iran situation, as these could trigger rapid market movements. The next few weeks will be critical, especially with upcoming economic data releases that could further influence trader sentiment.
📮 Takeaway
Monitor the 2.5% HICP level closely; geopolitical developments could trigger significant volatility across markets in the coming weeks.
