Swiss Producer & Import Prices YoY (Feb) Y/Y -2.7% (Prev. -2.2%)
The year-on-year decline in Swiss Producer & Import Prices of -2.7% suggests a deeper contraction than the previous -2.2%, indicating deflationary pressures in the Swiss economy.
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 YoY (Feb) Y/Y -2.7% (Prev. -2.2%)
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 influence monetary policy considerations at the Swiss National Bank, particularly regarding their stance on interest rates and inflation expectations.
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