CNH

China January inflation data due today - the domestic economy is grappling with deflation

• JP Morgan analysis of Chinese deflation

Chinese stock markets continue to get slammed lower

• Vague promises of support by authorities are being ignored

China Caixin Services PMI for January 52.7 (prior 52.9)

PBOC sets USD/ CNY reference rate for today at 7.1070 (vs. estimate at 7.2088)

• PBOC CNY reference rate setting for the trading session ahead.

PBOC is expected to set the USD/CNY reference rate at 7.2088 – Reuters estimate

• PBOC CNY reference rate setting for the trading session ahead.

Newsquawk Week Ahead: RBA, China inflation, US ISM services PMI, annual US CPI revisions

• Next week highlights include the rate decision from the RBA, US ISM Services PMI data as well as inflation from China and we also see the annual US CPI revisions.

PBOC sets USD/ CNY mid-point today at 7.1006 (vs. estimate at 7.1655)

• PBOC CNY reference rate setting for the trading session ahead.

PBOC is expected to set the USD/CNY reference rate at 7.1655 – Reuters estimate

• PBOC CNY reference rate setting for the trading session ahead.

China Vice Finance Minister says fiscal spending, policy will help expand domestic demand

• In other news - China yet again not set a date for an already delayed meeting to map out China’s economic plans

China Caixin Manufacturing PMI for January 50.8 (expected 50.6)

• The official manufacturing PMI, in contrast, remains mired in contraction

PBOC sets USD/ CNY reference rate for today at 7.1049 (vs. estimate at 7.1802)

• Once again the People's Bank of China propping up onshore yuan

PBOC is expected to set the USD/CNY reference rate at 7.1802 – Reuters estimate

• PBOC rate setting due at 0115 GMT (2030 US Eastern time)

Goldman Sachs liking Chinese equites, citing valuations (bargains)

• And noting hedge funds inflows

Chinese cities have started releasing lists of real estate projects eligible for funding

International Monetary Fund (IMF) says it wants policy easing from People's Bank of China