{"id":1968140,"date":"2023-07-09T19:15:02","date_gmt":"2023-07-09T23:15:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/marketmind-china-inflation-kicks-off-week-with-a-bang\/"},"modified":"2023-07-09T19:17:39","modified_gmt":"2023-07-09T23:17:39","slug":"marketmind-china-inflation-kicks-off-week-with-a-bang","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/marketmind-china-inflation-kicks-off-week-with-a-bang\/","title":{"rendered":"China&#8217;s inflation starts the week with a bang in the market."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">22<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fmarketmind-china-inflation-kicks-off-week-with-a-bang%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1968140&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div class=\"entry-content\">\n<p><strong>By Jamie McGeever<\/strong><\/p>\n<p><strong>(Reuters) \u2013 A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist.<\/strong><\/p>\n<div id=\"div-gpt-ad-1663871513696-art-1\" style=\"min-width: 320px; min-height: 50px;  text-align: center;\">  \t<script>  \t\tgoogletag.cmd.push(function() { googletag.display('div-gpt-ad-1663871513696-art-1'); });  \t<\/script>  <\/div>\n<div class=\"ad-slot__ad-label\">Advertisement<\/div>\n<\/p>\n<p><strong>A clutch of key economic data releases showing whether China is starting to emerge from its post-lockdown funk, and monetary policy decisions \u2013 and more importantly, guidance \u2013 from New Zealand and South Korea will be the main regional drivers for Asian markets this week.<\/strong><\/p>\n<p><strong>These come against a slight but potentially significant deterioration in risk appetite as investors grapple with even higher global borrowing costs \u2013 most notably U.S. and UK bond yields \u2013 and simmering U.S.-Sino trade tensions.<\/strong><\/p>\n<p><strong>The U.S. second-quarter earnings season moves into gear too, with the tone likely to be set later in the week when some of Wall Street\u2019s biggest names report.<\/strong><\/p>\n<p><strong>Asian markets, however, continue to underperform. MSCI\u2019s broad Asia ex-Japan index shed 1.5% last week, its third consecutive week without rising, and is flat for the year. The MSCI World index is up 11% year to date.<\/strong><\/p>\n<p><strong>Much of that is due to the sluggishness of China\u2019s markets, and key indicators from the region\u2019s largest economy on Monday will get the trading week underway.<\/strong><\/p>\n<p><strong>Annual consumer price inflation for June is expected to hold steady at just 0.2%, with the monthly rate coming in at 0% compared with -0.2% in May. As recently as January, annual CPI inflation was running above 2%.<\/strong><\/p>\n<p><strong>Price pressures look set to remain well-rooted in deflation in the coming months. Annual producer price inflation, already the most negative since 2016, is seen falling to -5.0% from -4.6% in May.<\/strong><\/p>\n<p><strong>These figures show the task China\u2019s central bank and government are facing to reflate the economy. With deflation setting in and growth slowing, it\u2019s little surprise that China\u2019s stocks, bonds and currency are under the cosh.<\/strong><\/p>\n<p><strong>Chinese banking stocks, measured by the Hong Kong-listed Hang Seng Mainland Banks Index, plunged 10.5% last week. That was the index\u2019s biggest fall in five years and third steepest since it was launched in 2011.<\/strong><\/p>\n<p><strong>Reflecting just how poorly China\u2019s post-lockdown economy has performed relative to consensus forecasts, Citi\u2019s Chinese economic surprises index has now fallen 11 weeks in a row. That\u2019s the longest stretch of underperformance since 2010.<\/strong><\/p>\n<p><strong>U.S. Treasury Secretary Janet Yellen\u2019s four-day visit to China concluded on Sunday with no obvious thawing of relations between the two superpowers. Yellen said her talks with Chinese officials were \u201cdirect\u201d and \u201cproductive\u201d but they have \u201csignificant disagreements\u201d.<\/strong><\/p>\n<p><strong>The other <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/marketmind-china-inflation-kicks-off-week-with-a-bang\/\" title=\"China's inflation starts the week with a bang in the market.\">major regional economic data points<\/a> and policy decisions this week for investors to get their teeth into include: rate decisions in New Zealand and South Korea; Chinese lending and trade figures; Indian inflation; Singapore\u2019s Q2 GDP report.<\/strong><\/p>\n<h2>Here are key developments that could provide more direction to markets on Monday:<\/h2>\n<ul>\n<li><strong>China CPI, PPI inflation (June)<\/strong><\/li>\n<li><strong>Japan current account (May)<\/strong><\/li>\n<li><strong>Fed\u2019s Barr, Daly, Mester and Bostic all speak<\/strong><\/li>\n<\/ul>\n<p> (By Jamie McGeever; Editing by Diane Craft)<\/p>\n<p><a href=\"https:\/\/www.oann.com\/uncategorized\/marketmind-china-inflation-kicks\/attachment\/a-man-pays-for-meat-at-a-market-in-beijing\/\"><\/a><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><strong>Facebook and Meta\u2019s Mark Zuckerberg releases new Threads app, which many say is a \u2018softer\u2019 version of rival Elon Musk\u2019s Twitter app, but the new <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/texas-deploys-floating-barrier-in-rio-grande-river\/\" title=\"Texas uses floating barrier in Rio Grande River.\">app faces controversy<\/a>.<\/strong><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><strong>National Political Correspondent Neil W. McCabe interviewed pollster Doug Kaplan about his Kaplan Strategies poll showing Louisiana\u2019s Republican Attorney General Jeff Landry with a commanding lead in his race to be the next the next Pelican State governor.<\/strong><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><strong>New reports allege that a top Conservative group is imploding, after it\u2019s been revealed that the founder is aligning herself with one presidential candidate.<\/strong><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><strong>Meanwhile, Mark Zuckerberg releases his <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/tusk-ceo-jeff-bermant-on-threads-launch\/\" title=\"Tusk CEO Jeff Bermant discusses Threads launch.\">latest social media app<\/a> to rival Twitter, In his feud with Elon Musk.<\/strong><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><strong>By Anirudh Saligrama (Reuters) -Nearly 900 Amazon workers at a warehouse in Britain will stage a strike for three days in the\u2026<\/strong><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><strong>By Julie Zhu and Jane Xu HONG KONG (Reuters) -Chinese authorities announced on Friday a 7.12 billion yuan ($984 million) fine for\u2026<\/strong><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><strong>By Yuvraj Malik (Reuters) \u2013 Researchers at India\u2019s AI4Bharat are raising $12 million from venture capital firms Peak XV and Lightspeed Venture\u2026<\/strong><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><strong>By David Shepardson WASHINGTON (Reuters) -Tesla wants the Biden administration to finalize more <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/us-ntsb-probes-boeing-737-max-engine-fire-at-newark-airport\/\" title=\"The US NTSB investigates engine fire on Boeing 737 MAX at Newark Airport.\">stringent vehicle emissions limits<\/a> than those proposed in April\u2026<\/strong><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Jamie McGeever, financial markets columnist, provides a preview of the upcoming day in Asian markets. Key economic data releases will reveal if China is recovering from its post-lockdown slump. Additionally, monetary policy decisions and guidance from New Zealand and South Korea will be closely watched.<\/p>\n","protected":false},"author":66,"featured_media":1968141,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[542],"tags":[],"class_list":["post-1968140","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-oann"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1968140","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1968140"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1968140\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1968141"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1968140"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1968140"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1968140"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}