U.S. September PPI Increase in Final-Demand Goods Half Due to Gasoline, BLS Says
The Bureau of Labor Statistics said gasoline accounted for half of the month-over-month increase in final-demand goods prices in September.
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12:37:10 PM UTC
SquawkNews
US PPI Final Demand (M/M) Sep: 1.3% (est 0.6%; prev 0.4%)
12:39:42 PM UTC
SquawkNews
Stocks fell as a selloff in the artificial intelligence trade accelerated, pushing investors to 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]