The annual PPI in the U.S. for April recorded 2.4%, marking a decline for the third consecutive month.

According to Wu, the U.S. April PPI annual rate recorded at 2.4%, declining for the third consecutive month, marking a new low since September of last year. The April PPI monthly rate recorded at -0.5%, setting a new low since April 2020, far below the market expectation of 0.2%.

The number of initial jobless claims in the U.S. for the week ending May 10 was 229,000, expected to be 229,000, and the previous value was revised from 228,000 to 229,000.

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