Italian PPI MoM (Mar) M/M 4.4% (Prev. -0.4%)
The Italian PPI for March came in at 4.4% month-over-month, a significant increase from the previous decline of -0.4%.
UK sells GBP 1bln 0.125% 2028 Gilt via tender: b/c 4.28x (prev. 4.05x), average yield 4.219% (prev. 3.336%), tail 0.3bps (prev. 0.7bps)
US officials are said to be concerned about being drawn into a frozen conflict of no war and no deal with Iran, Axios reports
Italian PPI MoM (Mar) M/M 4.4% (Prev. -0.4%)
[MARKET ANALYSIS] Bourses choppy, BP/ LN bottom line jumps, healthcare hit by Novartis and Bayer - earnings ahead
PBoC guided banks to increase lending in April, according to sources
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This sizeable shift suggests inflationary pressures are rising in Italy, which could have implications for broader European monetary policy and market expectations around rate movements.
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