Eurozone PPI (M/M) Jul: 0.4% (est 0.1%; prev 0.8%)
-PPI (Y/Y): 0.2% (est 0.1%; prev 0.6%)
The PPI report suggests that overall producer prices rose significantly in July, which is a clear surprise and could theoretically encourage the ECB to maintain a relatively more conservative stance on monetary policy in the future. For this reason, we are seeing increases in the EURUSD pair.
Cocoa loses 5% amid rising inventories on ICE
Oil gains 3% amid US - Iran escalation and supply disruption on the Black Sea
🔼 Gold gains 1.7%
🛢️Brent Crude Oil Tests $95 per Barrel