Market Updates: Series of Chinese Economic Events are Out, Trade War in Action
China's Consumer Price Index missed expectations in January coming in at 1.7 percent higher than a year ago, NBSC reported.
CPI y/y – China’s Consumer Price Index missed expectations in January coming 1.7% higher than a year ago, the National Bureau of Statistics said on Friday. Economists polled by Reuters were expecting CPI to come 1.9% higher on the year.
PPI y/y – The National Bureau of Statistics of China reported a Producer Price Index of 0.1% which is also worse than the forecast value of 0.3%.
New Loans – For beginners, borrowing and spending are positively correlated. Consumers and businesses tend to seek credit when they are confident in their future financial position and feel comfortable spending money. People’s Bank of China reported a rise in new loans from 1080B to 3230B.
On Thursday, the Trade balance figure surprised the market and it looked like the trade war issue hasn’t influenced the Chinese markets.
But the drop in inflation and PPI figures are shaking the market sentiments. Stock markets can tumble on the news today.
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