Feb 12
09
Asia Session: Chinese Consumer Prices Shock The Market
Posted by adminMid-way through the session Chinese CPI data printed much higher than expected, leading to concerns that Beijing won’t move to loosen policy. The official CPI print was +4.5%y/y, with food prices leading the drive with a 10.5%y/y gain. At the same time, data showed that producer prices increased 0.7%y/y, which
