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1. The U.S. Producer Price Index (PPI) for April rose 6.0% YoY, significantly exceeding the 4.9% forecast and indicating strong inflationary pressure that could influence Fed policy.
2. Alibaba shares fell after its quarterly revenue and profit missed targets, even as the company commits to major investments in AI and cloud for market share.
3. Bitcoin dropped below the key psychological level of $80,000, sparking concern in the crypto market and forcing some traders to liquidate positions.
#marketnews #USinflation #PPI #stocks #Alibaba #Bitcoin #crypto #TheFed #interestrates #trading

1. U.S. Producer Price Index (PPI) for March slowed to 4.0%, lower than the 4.7% forecast, potentially influencing The Fed's interest rate policy.
2. WTI crude oil plunged 3% amid geopolitical tensions with Iran, and the IEA stated it is prepared to tap into emergency oil reserves if necessary.
3. Central banks show divergent signals as the ECB states no intention to tighten, while a Fed official (Goolsbee) suggests rate cuts could be postponed if inflation remains high.
#MarketNews #Trading #USInflation #WTIOil #InterestRates #TheFed #ECB #Geopolitics #USD #Stocks