Market Comment | Growing expectations of divergence ahead of ECB meeting

Summary

US employment improves in November. US ADP employment rose in the private sector in November, against estimates of decreasing (by 21K to 217K; consensus: 190K, previous month 196K). Eurozone CPI remains unexpectedly stable in November (at 0.1%YoY; BBVAe: 0.3% YoY, consensus: 0.2% YoY). Moderation of core inflation by 0.1pp to 0.9% YoY was not expected, […]

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