There were no data releases from Australia yesterday, but from China CPI and PPI figures were released. Broad measures of Chinese inflation were unchanged last month, as both consumer and factory-gate prices expanded at a slower but steady pace. The National Bureau of Statistics reported that the June consumer price index (CPI) advanced 1.5%, following an identical increase the previous month. Compared to May, consumer prices were down 0.1%, official data showed.
The government’s producer price index (PPI) – a gauge of factory gate prices – expanded 5.5% annually in June, following an identical increase the month before. Despite recent weakness, producer inflation is heating up this year on fiscal policies aimed at shoring up China’s overcapacity issues.
There will be no major data releases both from the UK and USA tomorrow, so we expect another steadier session.
UK still likely to leave the EU with a negotiated agreement, says Number 10
Sentix Investors Confidence rose to 14.7 in August
German factory orders -4.0% seasonally adjusted on the previous month
China's July exports growth still seen holding up despite U.S. tariffs: Reuters poll
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