Trading EUR: await news from the ECB
The ECB Monetary Policy Meeting Accounts will be released at 14:30 MT on January 16
China January inflation inches down in January
In January, China's consumer and producer inflation went down as anticipated, even as global equity markets sank on worries that price pressures are already building in America.
A moderation in the country’s inflation would underpin the opinion that the world's number two economy is gradually losing momentum following forecast-surpassing surge of 6.9% the previous year.
However, data from this Asian country early in the year needs to be perceived critically because of price and business distortions provoked by the timing of the long Lunar New Year celebration.
In January, China's producer inflation slid for a third straight month and a bit more than anticipated, as official data uncovered on Friday, hinting that the previous year's firm revenue surge in its industrial sector might start receding.
Obviously, lower gains could affect Chinese businesses’ ability to handle a mountain of debt considering that the authorities are trying to tame risks in the financial system.
In January, the producer price index managed to grow 4.3% versus 2017, which is the smallest ascend for 14 months.
Market experts had hoped for an outcome of 4.4%, referring to milder price leaps for raw materials as well as finished goods.
In January, the PPI added 0.3% on a monthly basis, which is less than half the tempo observed in December.
As for the country’s consumer inflation, it slumped to the lowest value since July last year.
The consumer price index managed to gain 1.5% from 2017, which is in line with hopes and also stepping down from December's revenue of 1.8%, as the National Bureau of Statistics informed.
In January, CPI tacked on 0.6% on a month-on-month basis.
The food price index lost 0.5% from 2017 because of a higher base in 2017, having dived 0.4% in December. As for non-food prices, they went up 2% versus December’s reading of 2.4%.
Similar
Important events this week will bring us
We expect the US-China phase one trade deal to be signed on Wednesday and multiple important indicators for the USD. Plus, it is the first week of the earnings reports
Trading GBP on the news
The British yearly CPI will be released at 11:30 MT on January 15
Latest news
ALPHABET: the league of giants
You are still in doubt whether it makes sense to trade stocks? Watch this.
The risk sentiment gets better as Chinese data improves
The recent Chinese figures bring optimism
ZAR and TRY: central banks bring the action
On Thursday, January 16 two central banks: the Reserve bank of South Africa and the Turkish Central Bank will make their interest rate decisions.
Deposit with your local payment systems
