BREAKING NEWS Today at 6:00 PM IST, the U.S. Producer Price Index (PPI) MoM (Apr) and the U.S. Initial Jobless Claims data will be released.
The U.S. Producer Price Index (PPI) measures the change in the price of goods sold by manufacturers. It is a leading indicator of consumer price inflation, which accounts for the majority of overall inflation.
The U.S. Initial Jobless Claims measures the number of individuals who filed for unemployment insurance for the first time during the past week. This is the earliest U.S. economic data, but the market impact varies from week to week.
Analysts predict a positive outlook about April's U.S. Producer Price Index (PPI) with a reading of 0.2% this month as compared to -0.1% in March and the Initial Jobless Claims rising to 245K this week.
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