Asian Stock Market: Trades in negative territory, all eyes are on the US PPI

  • 📰 FXStreetNews
  • ⏱ Reading Time:
  • 45 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 72%

Business News News

Business Business Latest News,Business Business Headlines

Asian Stock Market: Trades in negative territory, all eyes are on the US PPI – by lilyfinancial Asia Markets EmergingMarkets China

The Chinese inflation data fuels concern about the pace of China's post-pandemic recovery.Asian stock markets edges lower on Friday, with all eyes on the release of the US, due later in the American session. Sydney, Hong Kong, and Shanghai stock markets decline while Japanese markets closed on holidays.

In China, the inflation data on Wednesday raised concern about the pace of China's post-pandemic recovery. The Chinese Consumer Price Index YoY fell 0.3% in July from 0% prior. This figure indicated the deflation in China. However, the restrictions would apply to"narrow subsets" of the three domains, but the administration did not provide further details and the proposal is available for public comment.

Looking ahead, all eyes are on the highly anticipated US inflation data due later in the American session. The US Producer Price Index , due later in the day. The figure is expected to rise from 0.1% to 0.7% YoY. Traders anticipate that the data might convince the Federal Reserve that it is now under control and no further interest rate increases are necessary.Information on these pages contains forward-looking statements that involve risks and uncertainties.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 14. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Asian Stock Market: Nikkei, Shanghai ignore BoJ concerns amid upbeat China data, policy pivot talksAsian Stock Market: Nikkei, Shanghai ignore BoJ concerns amid upbeat China data, policy pivot talks – by anilpanchal7 Asia Equities BOJ China CentralBanks
Source: FXStreetNews - 🏆 14. / 72 Read more »

Asian Stock Market: Trades in positive territory, China’s stimulus plan, Japan’s policy tweakAsian stock markets trade in positive territory on Monday. Markets turn to a risk-on mood in the busy week of economic data releases, central bank mee
Source: FXStreetNews - 🏆 14. / 72 Read more »

Asian Stock Market: Trades in negative territory, Japan’s Nikkei leads lossesAsian stock markets trade in negative territory on Wednesday. The market turned to a risk-off mood amid the concern of the US credit rating cut, the r
Source: FXStreetNews - 🏆 14. / 72 Read more »

Asian Stock Market: Continues to trade on a negative note, US downgrade sparks the selloffAsian stock markets continue trade on a negative note on Thursday following Fitch's downgrade of the US government's credit rating. Wall Street's face
Source: FXStreetNews - 🏆 14. / 72 Read more »

Asian Stock Market: Trades mixed, investors await Chinese/ Indian CPI dataAsian stock markets trade mixed on Monday following mixed US employment data. That said, the Nonfarm Payrolls in the US rose 187,000 in July, worse th
Source: FXStreetNews - 🏆 14. / 72 Read more »

Asian Stock Market: Trades lower on the downbeat Chinese data, risk-off moodMost Asian stock markets trade in negative territory on Wednesday. Regional equities followed in the footsteps of Wall Street, which slumped after Moody’s downgraded the credit ratings of several midsize and small US lenders and issued a warning about possible cuts to the ratings of larger institutions. At press time, the Nikkei drops 0.55%, Shanghai falls 0.36%, Hang Sang is down 0.06%, the Shenzhen Component Index falls 0.28%, the NIFTY 50 drops 0.28%, and the Kospi Index is up 1.32%
Source: FXStreetNews - 🏆 14. / 72 Read more »