Trial now
EUROZONE

Timeline of key events (Times BST)

GBPUSD TECHS

Key Short-Term Support Cleared

EURUSD TECHS

Approaching Key Support

EQUITY TECHS

E-MINI S&P (Z1): Trades Below Its 50-Day EMA

EUROSTOXX50 TECHS

(Z1) Trades Through Support

     WASHINGTON (MNI) - Final demand PPI is expected to rise 0.1% in 
October after a 0.4% increase in the previous month. Energy prices are 
expected to decline after solid gains in the previous two months, while 
food prices are expected to be roughly flat. Excluding food and energy 
prices, PPI is forecast to rise 0.2% after an above-expectation 0.4% 
increase in the previous month that was led by a 0.8% jump in trade 
services prices. 
     Analysts correctly estimated final demand PPI in September, but 
underestimated the growth in PPI due to a sharp rise in trade services 
prices. The misses in the last 10 October releases have been tilted 
toward the high side, with eight overestimates, one underestimate, and 
one correct estimate. The same is true for core PPI, which showed seven 
overestimates and three underestimates. 
                         May-17  Jun-17  Jul-17  Aug-17  Sep-17  Oct-17
Overall PPI Forecast:
 Median                     0.0     0.0     0.2     0.3     0.4     0.1
 Range High                 0.5     0.1     0.3     0.4     0.6     0.3
 Range Low                 -0.3    -0.1     0.0     0.1     0.2     0.0
Actual result               0.0     0.1    -0.1     0.2     0.4    #N/A
 vs median forecast         0.0    -0.1     0.3     0.1     0.0    #N/A
Historical Comparison    Oct-11  Oct-12  Oct-13  Oct-14  Oct-15  Oct-16
 Median                    -0.1     0.1    -0.2    -0.1     0.2     0.3
 Range High                 0.4     0.5     0.1     0.1     0.3     0.4
 Range Low                 -0.4    -0.2    -0.3    -0.3    -0.1     0.2
Actual result              -0.3    -0.2    -0.2     0.2    -0.4     0.0
 vs median forecast         0.2     0.3     0.0    -0.3     0.6     0.3
                         May-17  Jun-17  Jul-17  Aug-17  Sep-17  Oct-17
Core PPI Forecast:
 Median                     0.2     0.1     0.2     0.2     0.2     0.2
 Range High                 0.2     0.2     0.3     0.2     0.3     0.2
 Range Low                 -0.2     0.1     0.1     0.0     0.1     0.1
Actual result               0.3     0.1    -0.1     0.1     0.4    #N/A
 vs median forecast        -0.1     0.0     0.3     0.1    -0.2    #N/A
Historical comparison:   Oct-11  Oct-12  Oct-13  Oct-14  Oct-15  Oct-16
 Median                     0.1     0.1     0.1     0.1     0.1     0.2
 Range High                 0.3     0.3     0.1     0.2     0.4     0.3
 Range Low                 -0.2    -0.5     0.0     0.0     0.0     0.1
Actual result               0.0    -0.2     0.2     0.4    -0.3    -0.2
 less median forecast       0.1     0.3    -0.1    -0.3     0.4     0.4
NOTE: From Jan. 2014 forward, forecast data are for Final Demand PPI and Core
                                    Jun-17  Jul-17  Aug-17  Sep-17  Oct-17
USDA Farm Prices Rec'd Index (% chg)  -0.1    -2.9    -2.0    -1.7    #N/A
ISM Mfg Index Price Index             55.0    62.0    62.0    71.5    68.5
ISM Nonmfg Index Price Index          52.1    55.7    57.9    66.3    62.7
--Kevin Kastner 202-371-2121; email:kkastner@mni-news.com
[TOPICS: MTABLE]