Eurozone exports beat expectations in November to 20.3 billion euros, well above market expectations of 11.2 billion euros.。This is a significant increase from the November 2022 trade deficit of 13.8 billion euros.。

Recently, inflation data from many countries in the US and Europe have been better than expected.。But as several countries have joined the battle for the "last mile" of inflation, many central bankers have repeatedly said that the "last mile" will be more difficult.。

As ECB officials reiterated over the weekend the need for monetary policy to remain restrictive, they said it was too early to declare a victory over inflation.。This led to a rise in euro zone sovereign bond yields on Monday (October 16), with inflation concerns back in the spotlight。