US Core PPI MoM (Jan) M/M 0.8% vs. Exp. 0.3% (Prev. 0.6%, Rev. From 0.7%, Low. 0.2%, High. 0.5%)
The US Core PPI showing a 0.8% month-over-month increase, significantly above expectations of 0.3%, suggests inflationary pressures are stronger than anticipated.
Italian PM Meloni says EU-US tariffs are a mistake, should seek a free trade zone
US Energy Secretary Wright says revenue from Venezuelan oil sales are no longer being routed through Qatar and going straight to the US Treasury
US Core PPI MoM (Jan) M/M 0.8% vs. Exp. 0.3% (Prev. 0.6%, Rev. From 0.7%, Low. 0.2%, High. 0.5%)
Italian PM Meloni says the government's role in Monte Paschi (BMPS IM) has ended
US BROKER MOVES: LYV upgraded at Rothschild Redburn; DLTR downgraded at Citi
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This beat could influence market expectations around future monetary policy, potentially prompting a reassessment of the rate path as stronger inflation may lead to tighter policies sooner than previously thought.
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