UK PPI Core Output YoY (Feb) Y/Y 1.9% (Prev. 2.9%)
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India delays plans that require coal-fired power plants to reduce operating load by a year
Additional European Equity News
UK PPI Core Output YoY (Feb) Y/Y 1.9% (Prev. 2.9%)
IEA says it stands ready to release additional volumes from strategic oil reserves as required to support market stability
Five explosions at a missile site in Isfahan this morning, Al Hadath reports citing Iranian media
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Context
The UK PPI Core Output YoY for February came in at 1.9%, significantly down from the previous 2.9%. This decline suggests easing inflationary pressures, which could influence the Bank of England's monetary policy decisions and market expectations regarding interest rate trajectories.
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