Link Securities | According to the first estimate of the data, released yesterday by Eurostat, the Eurozone economy generated a trade surplus in goods with the rest of the world of €16.4bn in November, compared to a surplus of €18.2bn generated in the same month in 2023 and up from €8.6bn in October. The FactSet consensus of analysts expected a lower reading of €9.0 billion. Eurozone exports of goods to…

Bankinter : Labour Costs rebounded 4.6% in Q3 against 5.2% previously (revised up from 4.7%). Wages were up 4.4% versus 4.9% previously (revised up from 4.5%). Our view: Wage pressures remain elevated and will hamper the ECB’s rate cut process in upcoming meetings. This is especially so as they will be coupled with a more hawkish Fed as a result of the pick-up in inflation that will be triggered by…

Bankinter: The October Unemployment Rate repeats at 6.3%, as expected. No surprises and no market impact. In any case, it is an excellent historical low level within a slightly downward trend during the last years. Eurostat estimates that in October 10.841 million people were unemployed in the Eurozone. Compared to September, unemployment decreased by 3,000 people in the Eurozone. Compared to October 2023, unemployment decreased by 411,000. By Eurozone countries,…