Highlights
- Consumer prices fell at a more marked pace year-on-year in January.
- Producer price figures provided relief, as the rate of decline in producer prices abated in January.
- Later in the session, US Fed speakers and US labor market data warrant investor attention.
On Thursday, the Chinese economy was in the spotlight again. Amidst lingering concerns about economic growth prospects, inflation figures from China garnered investor interest.
China Inflation Numbers Send Mixed Signals
Consumer prices declined by 0.8% year-over-year in January compared to a 0.3% decline in December. Economists forecast consumer prices to fall by 0.5% year-over-year in January. Consumer prices increased by 0.3% month-on-month after rising by 0.1% in December. Economists expected consumer prices to…
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