The U.S. released the producer price index for the month of August, where PPI showed a flat reading as mostly forecasted at 0.00 percent comapred to the prior estimate worth 0.2%, and for the year ending August, PPI rose at 6.5 percent in line with median estimates and short from the prior reading of 7.2 percent.

Core PPI rose only by 0.1% short from the expected estimate of 0.2 percent and prior estimate worth 0.4 percnet, while compared with a year earlier, Core PPI came unchanged from the prior estaimtes of 2.5 while slightly below market expecations of 2.6 percent.