German PPI YoY: -2.2% (Forecast -1.7%, Previous -1.5%)
- German PPI MoM: -0.5% (Forecast -0.1%, Previous -0.1%)
Lower PPI data from Germany signals that the country is facing serious problems with the demand side, pressuring producer prices lower. Monthly decline came in much weaker than expected.
Daily summary: Weak US data drags markets down, precious metals under pressure again!
US Open: Wall Street rises despite weak retail sales
Coca-Cola Earnings: Will the New CEO Withstand the Pressure?
BREAKING: US RETAIL SALES BELOW EXPECTATIONS