EU PPI YoY (Dec) Y/Y -2.1% vs. Exp. -2.3% (Prev. -1.4%, Rev. From -1.7%)
The EU PPI YoY print of -2.1% is a slightly better outcome than the expected -2.3%, although it still indicates a contraction in producer prices.
Russia's Kremlin says Russia will continue its Special Military Operation until the relevant decisions are made by Ukraine
US Senators push for USD 70bln funding deal to support US President Trump's critical minerals agenda, FT reports
EU PPI YoY (Dec) Y/Y -2.1% vs. Exp. -2.3% (Prev. -1.4%, Rev. From -1.7%)
Iran is to announce major structural and administrative decisions in the defence sector to respond to new threats, Iran's Noor News reports
[MARKET ANALYSIS] Precious metals continue to rebound with spot XAU returning above USD 5k/oz
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This beat, while minor, might suggest a less severe deflationary trend than anticipated, which could imply modest support for the overall economic outlook and potentially influence ECB policy considerations down the line.
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