France’s National Institute of Statistics today released the preliminary CPI data for September. The month-on-month figure recorded -0.3%, a clear slowdown compared with the previous 0.70%. Although the value is slightly higher than the market’s expectation of -0.6%, the overall price index has returned to negative growth, meaning the deflation trend has essentially taken shape.
From a technical and macro-structural perspective, the downward trend in inflation data has broken the earlier pattern of sticky rebounds. Even though the decline is slightly less than the aggressive expectations, the continued weakening in prices confirms that demand in Europe’s core economies is slowing down, creating room for a future shift in the monetary environment.
This development directly boosted long sentiment across risk assets. Bond yields came under pressure and fell, while the situation of tighter USD liquidity saw marginal improvement. In the capital markets, investors are actively pricing in an interest-rate-cut cycle; major equity indices in Europe and the U.S. as well as commodities are showing resilient bullish alignment.
For the crypto market, marginal easing of macro liquidity provides strong support. $BTC has shown clear signs of stabilizing and rebounding at a key support level. If the ECB accelerates its easing pace further, the spillover effect of liquidity is likely to drive crypto assets to break through the resistance zone above, kicking off a new round of upside momentum.📈
#Inflation #MacroEconomics #CryptoTrading
From a technical and macro-structural perspective, the downward trend in inflation data has broken the earlier pattern of sticky rebounds. Even though the decline is slightly less than the aggressive expectations, the continued weakening in prices confirms that demand in Europe’s core economies is slowing down, creating room for a future shift in the monetary environment.
This development directly boosted long sentiment across risk assets. Bond yields came under pressure and fell, while the situation of tighter USD liquidity saw marginal improvement. In the capital markets, investors are actively pricing in an interest-rate-cut cycle; major equity indices in Europe and the U.S. as well as commodities are showing resilient bullish alignment.
For the crypto market, marginal easing of macro liquidity provides strong support. $BTC has shown clear signs of stabilizing and rebounding at a key support level. If the ECB accelerates its easing pace further, the spillover effect of liquidity is likely to drive crypto assets to break through the resistance zone above, kicking off a new round of upside momentum.📈
#Inflation #MacroEconomics #CryptoTrading