Market Movers for Today - 11 April 2019
On Thursday, April 11, 2019, the markets will be interested in the announcements from the economic calendar data, which usually results in changes in price movements. The economic agenda is a key tool for the basic analysis of the news to predict the performance of the markets. Therefore, caution must be taken to determine the results of these actual data to make the right trading decision. The economic news today are:
US PPI: In the US, producer prices rose 0.1 percent month-on-month in February, recovering from a -0.1 percent drop the previous month. February's reading came in below analysts' expectations of an increase of 0.2 percent. Energy costs rebounded and food prices fell at a slower pace. Service costs remained constant, after an increase in January. The core PPI, which excludes energy and food prices, rose 0.1 percent, after a 0.3 percent gain the previous month. However, the reading for this month has exceeded analysts' expectations of an increase of 0.2 percent. Forecasts for March 2019: PPI and Core PPI are expected to rise by 0.3 and 0.3 percent, respectively.