Most important economic news for today:
Euro-Zone Producer Price Index (YoY) will be released at 10:00 server time. Market impact: High (EUR). Previous number: 2.1%. Forecast number: 1.9%.
This index measures changes in the selling prices of goods and services used by Euro-zone producers. Because producers tend to pass on higher costs to consumers as higher retail prices, the PPI is an early indicator of inflation. A higher PPI, especially when combined with high figures for other measures of inflation, will make the European Central Bank more inclined to raise interest rates. A low or falling PPI is indicative of declining prices, and may suggest an economic slowdown. The Index headline is expressed as a month over month or annualized percentage change.