Italy Harmonised Inflation Rate MoM Final

Italy Inflation Rate MoM Final

Italy Inflation Rate YoY Final

Italy Harmonised Inflation Rate YoY Final

The euro climbed toward $1.18, its strongest level since early July, buoyed by broad dollar weakness as the US Federal Reserve prepares to resume interest rate cuts this week. Markets widely expect the Fed to lower rates by at least 25 basis points on Wednesday, with policymakers weighing a cooling labor market against lingering inflationary pressures from tariffs. In Europe, officials continue to stress vigilance on inflation. ECB Executive Board member Isabel Schnabel said monetary policy should “keep a steady hand,” warning that upside risks—ranging from tariffs and services inflation to food prices and fiscal policy—remain significant. Slovak central-bank Governor Peter Kazimir echoed the concern, cautioning that overlooking these risks “would be a mistake.” The ECB last week kept borrowing costs unchanged for a second straight meeting, signaling that its rate-cutting cycle may have come to an end.

Euro Hits Two-Month High as Fed Eyes Rate Cut

Steel rebar futures held above CNY 3,080 per tonne in mid-September after industry data showed Chinese steelmakers produced 2.09 Mt of crude steel per day in early September, up 7.8% from a year earlier. Still, crude steel output in August declined for a third straight month as mills in Tangshan, China’s top steelmaking hub, cut operations during the military parade. Output in Brazil also eased last month. On the demand side, weakness in China’s property sector and construction activity continued to weigh on sentiment. Trade data showed steel product imports rising 11.1% to 0.50 Mt, while exports slipped 3.4% to 9.51 Mt. Meanwhile, inventories of major steel products have been climbing since mid-August, underscoring sluggish consumption amid the prolonged property downturn.

Steel Holds Gains Amid Rising Output

Slovakia's annual inflation rate edged down to 4.2% in August 2025 from July’s nineteen-month high of 4.4%, but matching market expectations. Price growth slowed for food and non-alcoholic beverages (3.9% vs 4.4% in July), alcoholic beverages and tobacco (6.1% vs 6.7%), furnishings, household equipment, and routine household maintenance (3.1% vs 3.2%), recreation and culture (4.8% vs 4.9%), restaurants and hotels (9.3% vs 9.5%), and miscellaneous goods and services (6.0% vs 6.3%). In contrast, costs increased for health (2.4% vs 1.9%), transport (2.1% vs 1.5%), and communication (4.4% vs 4.3%). Meanwhile, prices remained the same for clothing and footwear (3.6%) and education (10%).  On a monthly basis, consumer prices rose by 0.1% in August, in line with forecasts but easing from a 0.3% increase in the previous month.

Slovakia Inflation Rate Ticks Down in August

Brent crude oil futures fell to $67.2 per barrel on Tuesday, erasing earlier gains that stemmed from concerns over supply disruptions from Russia amid continued Ukrainian strikes on its energy infrastructure. Ukraine’s weekend attack forced the shutdown of a key processing unit at Russia's Kirishi refinery. This follows a separate strike on the Primorsk oil terminal last week. Reports also indicated that the EU is weighing sanctions on companies in India and China facilitating Russia’s oil trade as part of a new restrictions package. US Treasury Secretary Scott Bessent said Monday that the administration would not impose additional tariffs on Chinese goods to halt China's purchases of Russian oil unless the EU hit China and India with steep duties of their own. In the Middle East, Israel launched a ground offensive in Gaza City on Monday, adding to supply risks. Elsewhere, traders geared up for an anticipated rate cut from the US Federal Reserve this week that could boost fuel demand.

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