Spanish PPI YoY (Dec) Y/Y -3% (Prev. -2.5%)
The decline in Spain's PPI YoY to -3% from -2.5% indicates a sharper deflationary trend in producer prices.
PBoC Deputy Governor supports the development of Hong Kong's gold market, strengthening its offshore RMB market functions
Barclays month-end rebalancing model indicates no strong USD directional bias vs most majors, with a weak USD buying signal vs the EUR
Spanish PPI YoY (Dec) Y/Y -3% (Prev. -2.5%)
China's Commerce Ministry announces plan to integrate oversea service platform, offering one stop supports such as legal, tax, finance, logistics and trade services for firms looking to expand internationally
Russia's Kremlin says that constructive talks with Ukraine are underway, according to RIA
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This could suggest weakening demand or oversupply pressures, which may have implications for inflation forecasts and ECB policy discussions moving forward. Traders should monitor how this feeds into broader European inflation dynamics for potential impacts on rates and euro currency movements.
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