EU PPI YoY (Feb) Y/Y -3.0% vs. Exp. -3% (Prev. -2.1%)
The EU PPI for February came in at -3.0% year-over-year, slightly above expectations of -3.0%, but notably worse than the previous -2.1%.
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EU PPI YoY (Feb) Y/Y -3.0% vs. Exp. -3% (Prev. -2.1%)
Several explosions reported at Iran’s Siri Island on Wednesday morning; source of explosions unknown, Mehr News reports
[MARKET ANALYSIS] Bonds soar and the curve steepens, as US-Iran agree to a two-week ceasefire
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This larger-than-expected drop suggests continued disinflationary pressures in the Eurozone, which may prompt the ECB to consider its policy stance more cautiously, impacting interest rate expectations and overall economic growth narratives.
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