Swiss Producer & Import Prices MoM (Feb) M/M -0.3% (Prev. -0.2%)
The decline in Swiss producer and import prices by 0.3% month-over-month, following a smaller drop of 0.2% in the previous period, suggests a continuation of moderate deflationary pressure.
Chinese state oil majors have recommenced seeking Russian oil shipments following the US waiver, according to sources
Additional European Equity News
Swiss Producer & Import Prices MoM (Feb) M/M -0.3% (Prev. -0.2%)
Iraq's oil minister says they are in contact with Iran to allow some oil tankers to pass through the Strait of Hormuz, state news reports
China's Foreign Minister, on US President Trump seeking a delay to the summit with Chinese President Xi, says China and the US are in communication over Trump's visit to China
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This could have implications for monetary policy, as sustained reductions in producer prices might lead the Swiss National Bank (SNB) to reassess its inflation outlook and interest rate strategy going forward.
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