U.S. September PPI Rises 6.3% Year Over Year
U.S. producer prices rose 6.3% year over year in September, versus 5.4% expected.
Story updates
12:33:04 PM UTC
SquawkNews
Global equities fell as a selloff in the artificial- intelligence trade gathered speed and pushed investors toward the safety of bonds. [08:30 ET] US PPI broadly higher than expected [USD & Yields strengthened, Index Futures weakened] [08:24 ET] US tells IEA nations it’s unhappy with emergency oil release, and has suggested supplementing oil release with extra 100mln bbl. [Oil weakened]
12:36:03 PM UTC
SquawkNews
Producer Prices See Biggest Jump in Four Years, Soaring 1.3% in September — Barrons.com