U.S. Producer Price Index Rose 0.7% In March
U.S. producer price index rose 0.7% in March vs. 1.0% consensus. February reading was at 1.6%. On year level PPI is up 5.7%.
Global Macro Perspectives
U.S. producer price index rose 0.7% in March vs. 1.0% consensus. February reading was at 1.6%. On year level PPI is up 5.7%.
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Initial jobless claims in the U.S. were reported at 412.000 vs. 380.000 consensus and last week revised (up 3.000) reading of 385.000.
Four weeks mostly unchanged in the last 6 readings.
Goldman doesn’t like markets taking their research lightly, so it issued sell recommendations twice.
Same as it issued sell recommendation ahead 2008 crude oil record run.
Look at the gasoline stocks.
The most broad measure of money supply – M2 rose 16.6% y-o-y in March vs. 15.4% consensus and 15.7% rise in February.
Chinese banks issued CNY 679.5 billion of new loans in March vs. CNY 535.6 billion in February and consensus of CNY 600.0 billion. The government has not provided a target for this year, but inferring on Q1 numbers the pace of loan growth could be similar to last years pace.