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The producer price index, which tracks prices on a wholesale level, came in lower than expected in March, according to aThursday from the Labor Department's Bureau of Labor Statistics. The PPI reading rose 0.2% for the month, less than the 0.3% estimate from the Dow Jones consensus and not as much as the 0.6% increase in February.
It provided some potential relief for investors hoping for the start of Fed policy easing, although the data came just one day after aIn Europe, Britain's economic output increased by 0.1% in monthly terms in February, in line with expectations, according to figures published Friday by the Office for National Statistics.The pan-European Stoxx 600 index rose 0.9% during early morning deals, with all sectors and major bourses in positive territory.
CNBC Pro: Goldman Sachs just refreshed stocks on its ‘conviction list’ of top Asian picks for April - giving one over 40% upside Goldman Sachs has refreshed its"conviction list" of top picks in Asia Pacific for April by adding some stocks and removing others."Five factors are likely to influence Asian market performance in 2Q: the start of a rate cutting cycle, led by the Fed; elections and geopolitics; 1Q earnings results; market-specific policy; and seasonality," the investment bank's analysts said, as they unveiled their latest additions to the list.
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