German PPI decline moderates


German PPI fell 0.1% on month in April after dropping 0.3% in March but came in below consensus for no change.

On year, PPI -0.9% vs -0.9% and -0.8%.

The drop in prices for industrial products comes as the ECB considers further easing measures to battle low inflation in the eurozone, with even the Bundesbank reportedly open to significant stimulus. (PR)

The euro is flat $1.3707.

ETFs: EWG, BUND, EWGS, DBGR, GERJ, DXGE, BUNL, FGM, BUNT, GGOV, HEWG

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