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China Cpi

All articles tagged with #china cpi

finance1 year ago•7 min saved

Global Markets React to Surging U.S. Inflation, Raising Rate Concerns

Asia-Pacific markets fell after U.S. inflation for March exceeded expectations, raising concerns about prolonged higher interest rates; China's consumer inflation slowed to 0.1% in March, while producer price index fell 2.8%; Fast Retailing's attributable profit rose 27.7% for its fiscal first half, but lowered its full-year revenue guidance; People's Bank of China surprised with a stronger yuan midpoint rate setting; Apple supplier Foxconn considers rotating chief executives to nurture talent.

via CNBC|

#asia-pacific-markets #china-cpi #fast-retailing

finance1 year ago•1 min saved

"US-China CPI Concerns Trigger Asian Stock Retreat"

Most Asian stocks fell as hotter-than-expected US inflation data and weak Chinese CPI figures eroded hopes for early interest rate cuts by the Federal Reserve, leading to declines in Wall Street indexes and US stock index futures. Chinese stocks also fell after CPI shrank more than expected in March, indicating little signs of economic recovery and rattling regional markets. Concerns over China's economic weakness weighed on broader Asian economies, with losses in mainland stocks dragging down Hong Kong's index and Australian stocks. Uncertainty over potential government intervention to support the yen also dented sentiment towards Japanese markets, while other Asian markets retreated on the prospect of higher-for-longer US interest rates, leading to a significant reduction in expectations for a June rate cut by the Fed.

via Investing.com|

#asian-stocks #china-cpi #federal-reserve

finance1 year ago•3 min saved

"US Inflation Shock Impacts Yen, China CPI in Focus"

The US inflation report has caused a seismic impact on global markets, leading to slashed Fed rate cut expectations, tumbling stocks, and soaring bond yields and the dollar. The Japanese yen plunged to a 34-year low against the dollar, while China faces deflationary pressures as it prepares to release producer and consumer price inflation figures for March. Additionally, ratings agencies have downgraded China's sovereign credit rating and slashed a major developer's credit rating to junk, while US and Japan tout increased joint military cooperation and a new missile defense system.

via Reuters|

#china-cpi #deflationary-pressures #finance