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18.06.25 - 08:30
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China′s consumer-goods spending improves as deflation eases, Bain says (SCMP)
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China's fast-moving consumer goods (FMCG) sector is seeing some signs of a tentative recovery in spending, tempering declines in selling prices in an economy under years of deflation, according to a report by Bain & Company.
Value grew 2.7 per cent in the first quarter from a year earlier, as festive spending helped fuel a 5.3 per cent gain in volume, the firm said in a market research report published last week. The average selling price fell 2.5 per cent, following a 3.4 per cent slide in 2024......
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11.06.25 - 15:09
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Futures Drop After US-China Trade Talks Fall Flat, CPI Looms (ZeroHedge)
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Futures Drop After US-China Trade Talks Fall Flat, CPI Looms
US equity futures dropped into today's CPI print after traders weren't moved by the US-China trade talks, which saw the two two sides agree on a framework to implement last month's Geneva deal with few actual details. There's also nervousness ahead of inflation data: a hot reading would be a big risk factor for a market near record highs (see full preview here). As of 8:00am ET, S&P and Nasdaq 100 futures traded 0.2% lower but were off session lows; pre-market Mag7 names are mostly higher with TSLA (+2%) the standout after a contrite Elon Muskusk tweeted "I regret some of my posts about President @realDonaldTrump last week. They went too far." Semis and Cyclicals are poised to outperform. In other trade news, US/Mexico were close to a deal on steel tariffs by using import caps, which would be higher than the previous cap, and would remove the 50% tariff on steel below said cap; this looks like a reversion to ...
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09.06.25 - 15:36
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Key Events This Week: CPI, US-China Trade Talks, Treasury Auctions (ZeroHedge)
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Key Events This Week: CPI, US-China Trade Talks, Treasury Auctions
The highlight this week will be US CPI on Wednesday and a resumption of trade talks between the US and China today in London. Bessent, Lutnick and Greer are set to meet Chinese representatives at the meeting today. So it's all the big guns from the US administration. DB's Jim Reid reminds us that the monthly 30-yr UST auction on Thursday will also be a heavy focus with all the attention on the long-end in recent weeks. There's a 10yr auction the day before as well. So a good test of demand as the fiscal bill meanders its way through Congress.
Before we preview the CPI release the other main highlights this week are the NY Fed 1-yr inflation expectations today; US NFIB small business optimism, UK employment data and Danish and Norwegian CPI tomorrow; that CPI, the 10yr UST auction and the UK Spending Review on Wednesday; US PPI, US jobless claims, UK monthly GDP, the 30yr UST auction and my birthday on Thursday; and the UoM c...
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09.06.25 - 04:31
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China Consumer Prices Slip 0.1% On Year In May (AFX)
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BEIJING (dpa-AFX) - China's overall inflation was down 0.1 percent on year in May, the National Bureau of Statistics said on Monday.That beat forecasts for a decline of 0.2 percent but was unchang......
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