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.
Economic Calendar: US Inflation Key for Markets — Today’s Most Important Data Release of the Week
Morning Wrap: Trump Claims Full Control of the Strait of Hormuz, but Markets Remain Skeptical
Daily Summary - Oil gains due to uncertainty, market awaits inflation data
⬆️Oil back above $88