Heads up: Germany states' CPI readings due later today

Germany states will be getting their CPI prints for December later

Inflationary pressures held up well in November but are expected to show a decline in December with the national readings expected to see a drop from +2.3% y/y on the annual headline reading to a +1.9% y/y print. The drop could be attributed to the dip in energy prices since late October so we'll have to take a look at the Saxony core reading for further clues.

Here's the agenda for today:

0800 GMT - Saxony

0900 GMT - Brandenburg

0900 GMT - Hesse

0900 GMT - Bavaria

0930 GMT - North Rhine Westphalia

1100 GMT - Baden Wuerttemberg

1300 GMT - Germany national preliminary figures

Do note that the releases don't exactly follow the schedule at times and may be released a little earlier or later.