WTI Crude, Gold, HSI, Dow, S&P 500 and Nasdaq
WTI Crude, Gold, HSI, Dow, S&P 500 and Nasdaq
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The March producer price index, a measure of prices paid by companies and often a leading indicator of consumer inflation, declined by 0.5% month over month versus economists’ expectations for prices to be flat. Excluding food and energy, the core wholesale prices reading shed 0.1% month over month, much better than the 0.2% increase expected by economists polled by Dow Jones.
The PPI data confirmed the easing inflation trend from Wednesday’s March’s consumer price index report, which advanced just 0.1% month over month. Consumer prices grew 5% on an annual basis, the smallest increase in nearly two years.
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E-Mini Nasdaq
Initial job claims came in at 239,000 for the week ending April 8, the Labor Department said Thursday. Economists polled by Dow Jones were forecasting initial claims to come in at 235,000.
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