Trimble (TRMB) is up more than +4% after Raymond James upgraded the stock to outperform from market perform with a price target of $65. T-notes extended their gains after today’s report on the Aug PCE core deflator, the Fed’s preferred inflation gauge, rose at the slowest pace in 2 years, and after the Sep MNI Chicago PMI fell more than expected. Gains in the euro are limited after today’s economic news showed Eurozone Sep consumer prices rose less than expected and German Aug retail sales unexpectedly fell by the most in 8 months, dovish factors for ECB policy.