Eurozone inflation rises.

 Eurozone August CPI rose to +2.6% on year from +2.4% in July and topped consensus of +2.5%. The increase takes inflation further away from the ECB's target of just below 2%, and may reduce the chances of the bank cutting rates at a policy meeting next week. The prospect of rising inflation is also cited as a reason for the ECB not to buy eurozone government bonds. Meanwhile, unemployment remained at a record high of 11.3% in July.