The U.S. released the producer price index for the month of March, where PPI increased by 0.7% compared with the prior reported drop of 0.6% back in February and above median estimates of 0.5%, while compared with a year earlier, PPI rose by 6.0% inline with markets' expectations and up from 4.4% reported in the prior estimate.

Core PPI on the other hand increased by 0.1% in March inline with the prior and expected estimates, while compared with a year earlier, core PPI eased to 0.9% compared with the prior reported rise of 1.0% and inline with median estimates.