The U.S. released the producer price index for the month of March, where PPI rose by 0.7%, compared with the prior rise of 1.6% and below estimates of 1.0%, while compared with a year earlier, PPI rose by 5.8%, compared with the prior estimate of 5.6% and below median estimates of 6.1%.

Core PPI, increased in March by 0.3%, compared with the prior and expected rise of 0.2%, while compared with a year earlier, core PPI rose by 1.9%, compared with the prior rise of 1.8% and in line with median estimates.