US PPI YoY: 3.4% (Forecast 3%, Previous 2.9%)
- US PPI MoM: 0.7% (Forecast 0.3%, Previous 0.5%)
US Core PPI YoY: 3.9% (Forecast 3.7%, Previous 3.6%)
- US Core PPI MoM: 0.5% (Forecast 0.3%, Previous 0.8%)
PPI data came in inflationary which is not positive for indices on Wall Street, especially when labour market is weakening and oil prices jumps well above $100 per barrell. Futures on Nasdaq 100 (US100) are down after the reading.
Source: xStation5
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