China inflation figures for April, due at 0130GMT
China CPI expected 3.7% y/y, prior 4.3%
PPI expected -2.5% y/y, prior -1.5%
The drop in oil prices will be drag down China's consumer and PPI inflation in the month.
- For CPI, will also be lower due to the continued fall in food and pork prices
- PPI deflation will deepen on the back of price falls too in major industrial material prices
ps. The big news out of China (posted yesterday) is the PBOC cranking up stimulus efforts further:
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