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Data: FactSet; Chart: Andrew Witherspoon/Axios

The continued decline in prices paid by manufacturers could be a major impediment to European policymakers' desire for higher inflation in the eurozone, and data released Monday shows things are not improving.

What happened: The producer price index for the eurozone fell for the fourth straight month in November.

  • The decline was less than economists expected, but still showed a more than 1% drop after a nearly 2% fall in October.

Why it matters: The European Central Bank has cited lagging inflation as a major risk to growth and stability in the region and inflation's inability to rise to the central bank's 2% target as a reason for increasing its bond-buying program and cutting interest rates late last year.

  • Headline inflation moderately improved to 1% in November and economists expect it rose further to 1.3% in December, but the consistent drag from producer prices may inhibit that.

What's next: Eurostat will release its preliminary PPI estimate for December today.

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China and Iran have negotiated a deal that would see massive investments flow into Iran, oil flow out, and collaboration increase on defense and intelligence.

Why it matters: If the proposals become reality, Chinese cash, telecom infrastructure, railways and ports could offer new life to Iran’s sanctions-choked economy — or, critics fear, leave it inescapably beholden to Beijing.

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House Judiciary Committee releases transcript of Geoffrey Berman testimony

Geoffrey Berman. Photo: Alex Wong/Getty Images

The House Judiciary Committee on Monday released the transcript of its closed-door interview with Geoffrey Berman, the former top federal prosecutor in Manhattan who was forced out by Attorney General Bill Barr last month.

Why it matters: House Democrats have seized on Berman's testimony, in which he claimed the attorney general sought to "entice" him into resigning so that he could be replaced by SEC chairman Jay Clayton, to bolster allegations that the Justice Department has been politicized under Barr.