I was the sad sack on China yesterday, posting the data indicating the country slipping back towards consumer price deflation:
- China November CPI +0.2% y/y (expected +0.5%) PPI -2.5% y/y (expected -2.8%)
- China's Inflation Data: November Trends and Projections
But, with a glimmer of hope perhaps this week:
Later on Justin had some better news:
- China's Politburo says will implement a more moderately loose monetary policy
- China promise for even bigger easing lifts risk sentiment
- China president Xi: We must be fully prepared to achieve next year's economic targets
- ForexLive European FX news wrap: Aussie buoyed as China vows to ramp up stimulus next year
And Adam followed u:
- It's all about China today: Three stories are dominating
- Treasury yields higher as China turns on the taps but bonds skeptical
Just to finish on a down note ( ;-) ) ... how often have we been disappointed by all the promisies out of China? Is this time different?
This article was written by Eamonn Sheridan at www.forexlive.com.from Forexlive RSS Breaking News Feed https://ift.tt/WQON9jM
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