US PPI reading y/y came in 2,2% vs 1,6% exp and 1,6% previously.
- PPI m/m: 0,5% vs 0,3% exp. and 0,7% previously
US Core PPI reading y/y came in 2,7% vs 2,3% exp. and 2,2% previously
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Bulls are trying to stop the sell-off reaction on US100. Higher PPI may herald higher tomorrow CPI reading which leave Fed interest rate decision in November more uncertain.
Source: xStation5
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