The U.S. Department of Labor released the producer price index for the month of November, where PPI rose by 0.3%, compared with the prior slash worth 0.3% while better than the projected estimate of 0.2 percent, compared with a year earlier, PPI eased to 5.7 percent from 5.9 percent and slightly below 5.8 percent forecasted.

Core PPI rose a slender 0.1 percent in November from the prior flat estimate and faintly below median estimates of 0.2 percent, while for the year ended November, Core PPI came in as forecasted with a 2.9 percent gain from 2.8 percent registered in October.