Search results for producer price index
Economy
Naphtha up 68 percent, ethylene up 61 percent as March producer prices post biggest rise in 4 years
South Korea’s producer prices rose at their fastest pace in nearly four years in March as international oil prices surged in the aftermath of the Iran war. The producer price index climbed 1.6 percent from February to 125.24, the biggest monthly rise since April 2022, and extended gains for a seventh straight month. Oil products and chemical items jumped, while farm and fisheries products fell and services were flat.
AI & Enterprise
Nvidia breaks out of sideways trading on semiconductor strength, can it keep lead stock status?
Nvidia has signalled a rebound by breaking above a six-month downtrend channel, extending a four-session rally to close at $196.51, up 3.8 percent. Trading volume rose to about 161.31 million shares. Still, an analysis says the move may reflect broader strength in semiconductors rather than Nvidia leading the market. The iShares Semiconductor ETF has outperformed since Feb. 10, while options data show more bullish bets alongside unchanged hedging.
Crypto
Oil fears rekindled by Hormuz closure - what to watch for bitcoin this week
Bitcoin rose 3.71 percent on the day to around $74,000, but a jump in oil prices tied to the breakdown of U.S.-Iran talks and the closure of the Strait of Hormuz could increase short-term volatility by adding to inflation and monetary-policy uncertainty. Cointelegraph highlighted factors including this week’s U.S. producer price index data, the market’s limited pricing of rate cuts, profit-taking near $70,000 and signs of easing selling pressure alongside stronger long-term holder demand.
