US PPI MoM (Jan) M/M 0.5% vs. Exp. 0.3% (Prev. 0.4%, Rev. From 0.5%, Low. 0.1%, High. 0.6%)
The January PPI came in at 0.5% month-over-month, surpassing expectations of 0.3% and indicating upward pressure on producer prices.
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 PPI MoM (Jan) M/M 0.5% vs. Exp. 0.3% (Prev. 0.4%, Rev. From 0.5%, Low. 0.1%, High. 0.6%)
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 stronger-than-expected print may suggest that inflationary trends are more persistent than previously thought, potentially impacting monetary policy discussions and market rates moving forward.
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