EU PPI MoM (Mar) M/M 3.4% vs. Exp. 3.3% (Prev. -0.7%, Low. 0.8%, High. 3.7%)
The EU PPI for March came in slightly above expectations at 3.4%, compared to the consensus of 3.3%, marking a significant rebound from the prior month's decline of -0.7%.
UK sells GBP 1.6bln 1.125% 2035 I/L: b/c 2.99x, real yield 1.463%
ECB releases paper on strengthening the macroprudential lens in the regulation of non-bank financial intermediation
EU PPI MoM (Mar) M/M 3.4% vs. Exp. 3.3% (Prev. -0.7%, Low. 0.8%, High. 3.7%)
[MARKET UPDATE] Fresh lows for energy and the USD, equities and fixed at new highs, following a Axios report that the US and Iran are closing in on a MOU to end the conflict
US and Iran are reportedly closing in on one-page memo to end war, Axios reports citing officials; White House believes it is close to an agreement to end the war and establish a framework for detailed nuclear negotiations
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This uptick could signal inflationary pressures returning, which is critical as it may influence the European Central Bank's policy stance moving forward, particularly regarding interest rate adjustments.
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