More from ECBs Schnabel: We expect wage growth remains high this year and rather bumpy ...Middle East

Inflation to remain a bit bumpy due to energy. We expect wage growth remains highest year and rather bumpyData today is the first indication that we have reached a turning point.Relatively strong consumption data in Germany and France give some hope for a turnaroundGeopolitical risks have increased significantly.Major worry is protectionism, in light of US election.Expect more frequent supply-side shocks, which will have impact on inflation. This article was written by Greg Michalowski at www.forexlive.com.

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