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Tsys Hit Session Lows On ECB Euro Headline

US DATA

A minute after the release of modestly-above consensus PPI numbers/offset by higher-than-expected inital and continuing jobless claims numbers, Tsys hit session lows on Bloomberg headline "*ECB SAID TO AGREE THERE IS NO NEED TO OVERREACT TO EURO GAINS" just as the ECB press conference began (and appearing to cite sources front-running comments to be delivered by Lagarde).

In sympathy with the move lower in German Bunds on the hawkish headline, TYZ0 hits 139-06, with the USD weakening and stocks heading higher.

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