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flag German producer prices dropped 1.8% year-on-year in October, showing slight stabilization.

flag German producer prices fell 1.8% year-on-year in October, slightly less than the 1.9% decline forecast, according to official data, signaling modest stabilization in industrial costs despite ongoing deflationary pressures. flag The release, from Germany’s federal statistics office, comes amid a light economic news calendar in the U.S. due to the government shutdown, with focus on Fed minutes and corporate developments including Johnson & Johnson’s $3.05 billion acquisition of Halda Therapeutics and Google’s $40 billion Texas investment. flag Global markets also reacted to a Cloudflare outage affecting major platforms and a merger between Akzo Nobel and Axalta Coating Systems.

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