In July, China's annual producer price inflation was intact, with prices for major raw materials soaring moderately on expectations of deeper capacity dips going into the winter months of tough pollution. Meanwhile, consumer inflation decreased moderately.
From the previous year the producer price index inched up 5.5% the previous month, staying intact from June, as the National Bureau of Statistics told on Wednesday.
China's economy has demonstrated solid surge in 2017 as commodity prices revived, assisting to boost the industrial sector. At the same time mild consumer price gains have provided policymakers with enough room to maneuver if surge falters.
Experts surveyed by Reuters had hoped that producer prices would stand still for a third straight month, sticking to 5.5%.
The PPI edged up 0.2% in July on a month-on-month basis, following three months in the red, with the NBS associating this with an ascend in prices of commodities, such as steel as well as non-ferrous metals.
On Thursday, American leader Donald Trump unveiled that he generally disliked the Fed’s decision to have interest rates lifted, telling that he was concerned about their probable impact on the American economy as well as American competitiveness…
Inflation data is the most important indicator that affects the central bank’s monetary policy.
Although yesterday the US dollar index closed at the low level comparing to the daily movement, today it has been moving up again.
In February, Japan's exports probably ascended at the fastest pace for two years due to a softer yen as well as improving global demand, as a Reuters survey showed on Friday…
On Monday, stocks in Asia declined with markets in Japan unavailable for a holiday and traders watching oilfield-related stocks after a bankruptcy filing by Singapore's Ezra Holdings…
On Friday, the evergreen buck added against the Japanese yen and euro, drifting away from recent minimums, though revenues were capped as traders focused on a showdown between Donald Trump and members of his own party as for a fresh healthcare bill…
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