|
|
The producer price index for final demand gained 0.1% last month after rising by an unrevised 0.2% in June, the Labor Department’s Bureau of Labor Statistics said on Tuesday. Economists polled by Reuters had forecast the PPI gaining 0.2%.
Fixed Income
In line with speculation of monetary policy easing, Treasury yields fell. The benchmark 10-year Treasury yield slipped to 3.8484%, while the two-year Treasury yield fell to 3.9398%.
Forex
The dollar index , which measures the U.S. currency against six others, dipped 0.49% to 102.58. The euro was rose 0.6% to $1.09968, while sterling was up 0.8% at $1.28670.
Commodities
In commodities, Brent crude futures fell 1.9% to $80.78 a barrel, while U.S. West Texas Intermediate crude futures slipped 2% to $78.46 a barrel. Brent had gained more than 3% on Monday, while U.S. crude futures had risen more than 4%.
For more news visit reuters.com
