Finance News
Prior -1.6%; revised to -1.7% Looking at the breakdown, the major drag on the month is mostly due to a fall in energy prices (-7.7%). If you strip that out, euro area PPI actually was up 0.1% in April compared to March. There were increases in the prices…
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Read MoreYesterday, we got the news that Saudi Arabia was pushing for OPEC+ to maintain its faster pace of oil production increases in the coming months, aiming to regain market share rather than support prices. The news weighed on the market but was quickly faded as the negative supply…
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