Euro area annual inflationstable at -0.3%

Euroareaannual inflationis expected to be-0.3% in November 2020, stable compared to Octoberaccording to aflashestimate from Eurostat, the statistical office of the European Union.Looking at the main components of euro area inflation,food, alcohol & tobacco is expected to have the highest annual rate in November (1.9%,compared with 2.0% in October), followed by services (0.6%, compared with 0.4% in October), non-energy industrial goods (-0.3%, compared with -0.1% in October) and energy (-8.4%, compared with -8.2 in October.

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Greece credit rating upgraded at Moody's, outlook revised to stable - Tomi Kilgore

Greece's sovereign bond rating was upgraded one notch to Caa2 from Caa3 at Moody's Investors Service, citing the release of a EUR8.5 billion tranche under the country's adjustment program allowing the repayment of debt, improved fiscal prospects and tentative signs of a stabilizing economy.

The outlook was revised to positive, which implies another upgrade is likely, from stable.

The sovereign bond rating isstill 8 notches below investment grade. The short-term debt rating was
affirmed at not prime.

"Beyond the near-term impact of allowing Greece to repay upcoming maturities, we consider the conclusion of the review to be a positive signal regarding the future path of the program, as it required the Greek government to legislate a number of important
reform measures,"

Moody's said in a research note. "The decision to assign a positive outlook to the Caa2 rating reflects Moody's view that the prospects for a successful conclusion of Greece's third adjustment program have improved, which in turn raises the likelihood of further debt relief."

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