The U.S. released the producer price index for the month of October, where PPI dropped by 0.3 percent, compared with the 0.8 percent increased in September and beyond median drop of 0.1 percent, while compared with a year earlier, PPI showed a moderate gain of 5.9 percent, compared with the prior estimate of 6.9 percent and median estimates of 6.3 percent.

Core PPI dropped to a flat reading from the prior 0.2 percent in September, while compared with a year earlier, Core PPI came in line with expectations at 2.8 percent from 2.5 percent registered back in September.