Source: National Bureau of Statistics of China China’s factory gate inflation in September increased to a record on rising commodity prices, but weak demand slowed down consumer inflation, demanding caution from policymakers. CSI 300 Index down -0.54%, CNY USD down -0.12% The producer price index (PPI) jumped 10.7% from a year earlier in September, the biggest increase … [Read more...] about China’s Factory Gate Inflation Reaches Record High in September
Forex News
US Inflation Returns to 13-Year High in September
Source: US Bureau of Labor Statistics Inflation in the United States posted a slight acceleration in September to match the 13-year high recorded in the previous months, due to higher prices of food and shelter. The Consumer Price Index (CPI) grew 0.4% in September from 0.3% in August, while annual inflation clocked in at 5.4%.The annual inflation follows the 5.3% in … [Read more...] about US Inflation Returns to 13-Year High in September
UK Economic Growth Posts Slight Rebound in August
Source: Office for National Statistics The United Kingdom’s economic growth posted a slight rebound in August, as services and production recorded gains during the month. EWU is down 0.18% premarket. The gross domestic product grew by 0.4% in August, following the revised 0.1% decline in July. Growth remains 0.8% below levels before the COVID-19 pandemic.Services output … [Read more...] about UK Economic Growth Posts Slight Rebound in August
House Approves Debt Limit Expansion That Will Last Through Early December
Source: The Wall Street Journal The House on Tuesday voted on partisan lines to increase the U.S. borrowing limit into December as Democratic lawmakers struggled with legislation to set a new ceiling for U.S. debt later this year. DXY down -0.22%, EUR USD up +0.46% House Speaker Nancy Pelosi recalled the House after a week away to pass the debt-ceiling rise that cleared … [Read more...] about House Approves Debt Limit Expansion That Will Last Through Early December
China’s September Exports Unexpectedly Faster Despite Power Shortages
Source: National Bureau of Statistics of China China’s export expansion unexpectedly rose in September as continued solid global demand offset pressures on factories from power shortages, supply constraints, and resurgence of local COVID-19 cases. CSI 300 Index up +1.15%, CNY USD up +0.09% The world’s second-largest economy has made a significant rebound from the … [Read more...] about China’s September Exports Unexpectedly Faster Despite Power Shortages
