US DATA: Nov PPI +0.3%, above expectations of +0.2% and following
-0.3% in Oct. Overall +5.7 YOY. Core +0.1% with most of that from +0.9%
pharma preparations and +0.6% cars. [Analyst says seeing less new
vehicle discounting than typical for an end to the model year.] Rise in
overall PPI was broad based with finished consumer foods prices up 1.0%
— within that vegetables +11.5%, young chickens +8.0%. Finished energy
foods +0.1%. Intermediate goods prices +0.2% and crude goods +3.8%.