Producer prices in the Euro Area dropped by 0.5% from a month earlier in February, a smaller drop than February’s big 2.8% drop but a bigger drop than the 0.3% decrease economists expected.
- Markets were all green with Germany’s DAX leading the way up 147 points, or 0.95%, followed by France and London markets up 0.71% and 0.18%, respectively.
- Asia markets were somewhat mixed as the Hang Seng Index ended the day down 0.66% while Shanghai and the Nikkei ended the trading day in the green up 0.49% and 0.35%, respectively.
US market futures are green across the board as markets await job opening data at 10 AM. Nasdaq futures are up 68 points, or 0.52%, followed by the S&P and Dow which up 0.29% and 0.12%, respectively.
- Oil prices are holding relatively stable with a slight increase overnight to $81.02.
- The 10-year is giving back some of yesterday’s gains, looking to open at 3.45%