07:30 AM BST, Switzerland - Inflation Data for November:
-
PPI: actual -1.6% YoY; previous -1.7% YoY;
-
PPI: actual -0.5% MoM; previous -0.3% MoM;
The mix reading points to the slightly weaker yearly deflation, with falling pressure inreasing slightly from a previous month. The main drag on PPI came from import prices, which continue falling as an aftermath of CHF appreciation this year . The Swiss interest rates remian, however, at 0%, as SNB reiterated its will to avoid "undesireble effects" of negative policy rate.

Source: xStation%
Daily Summary: Wall Street on the edge; SILVER drops 5% 🚨
The US100 is down nearly 2%; Microsoft freezes hiring in its cloud and sales divisions💡
Iran has allowed 10 oil tankers to pass through the Strait of Hormuz — an explanation of the enigmatic “gift” to Trump⚓
🚨 Trump warns Iran — Markets under pressure; oil prices rebound 💡