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☆ Asia-Pacific markets slip as investors assess Japan inflation data; China CPI in focus
▼ + stars: | 2024-07-10 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Asia-Pacific markets started Wednesday lower, even as key Wall Street benchmarks rose following dovish comments from U.S. Federal Reserve Chairman Jerome Powell overnight. Powell signaled caution over leaving interest rates at too high a level, saying that "reducing policy restraint too late or too little could unduly weaken economic activity and employment." Over in Asia, investors will assess inflation data from China and Japan, with China releasing its consumer and producer prices data for June. Japan's corporate goods price index rose to 2.9% in June from a year earlier, in line with expectations and climbing at a faster pace compared to a revised 2.6% in May. The CGPI measures the price changes of goods traded within the corporate sector.

Persons: Jerome Powell, Powell Organizations: U.S . Federal, PPI Locations: Asia, Pacific, U.S, China, Japan

☆ China CPI suffers biggest fall since 2009 as country falls deeper into deflation
▼ + stars: | 2024-02-08 | by ( Laura He | ) edition.cnn.com time to read: 1 min

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☆ European stocks outperform as Italy soothes bank tax nerves
▼ + stars: | 2023-08-09 | by ( Naomi Rovnick | ) www.reuters.com time to read: +4 min

[1/2] Signage for the London Stock Exchange Group is seen outside of offices in Canary Wharf in London, Britain, August 3, 2023. MSCI's broad index of global shares (.MIWD00000PUS) was 0.2% higher in European afternoon trade. Europe's regional Stoxx 600 (.STOXX) share index rose 0.9%, with bank stocks (.SX7P) around 1.6% higher. Italy's FTSE MIB share index gained 1.8%. "The burden-sharing of the costs and benefits from higher rates has a habit of becoming a political issue," Deutsche Bank strategist Jim Reid said.

Persons: Toby Melville, Jim Reid, China's, Naomi Rovnick, Stella Qiu, Sydney, Ellen Zhang, Christina Fincher, David Evans Organizations: London Stock Exchange, REUTERS, China CPI, Wall Street, Deutsche Bank, Federal Reserve, Nasdaq, Moody's, U.S . National Federation of Independent, Wednesday, U.S . Treasury, BCA, Reserve, Brent, U.S . West Texas, Thomson Locations: Canary Wharf, London, Britain, China, Italy, Thursday's U.S, U.S, Saudi Arabia, Beijing

☆ Asian shares weaken slightly on China deflation risk, bank jitters
▼ + stars: | 2023-08-09 | by ( Stella Qiu | ) www.reuters.com time to read: +5 min

In Asia, the MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) edged 0.2% higher, following a 1.2% tumble a day earlier. Producer prices fell for a 10th consecutive month. "It is not likely to see China entering a full deflation path as core CPI is still resilient and driven by services." "Having said that, if we do not see further improvement in consumer sentiment, it is possible to see growing deflation risks in China." Brent crude futures eased 0.2% to $86.00 per barrel and U.S. West Texas Intermediate crude futures also fell 0.2% to $82.73.

Persons: Issei Kato, Gary Ng, HSI, Chetan Ahya, Morgan Stanley, Dow, Stella Qiu, Ellen Zhang, Jamie Freed, Edmund Klamann, Simon Cameron, Moore Organizations: REUTERS, Nasdaq, Japan's Nikkei, PPI, Asia Pacific, Reuters, Wall, U.S, Brent, . West Texas, Thomson Locations: Tokyo, Japan, China, SYDNEY, Italy, Asia, Pacific, Hong Kong, Brazil, Beijing

☆ Asian shares hesitant on China deflation risk, bank jitters
▼ + stars: | 2023-08-09 | by ( Stella Qiu | ) www.reuters.com time to read: +5 min

The MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) edged 0.4% higher after a 1.2% tumble a day earlier. Closely watched China data on Wednesday showed consumer prices fell 0.3% in July from a year ago, the first decline since February 2021, although it was slightly better than the forecast of a 0.4% drop. Producer prices fell for a 10th consecutive month. 10-year yields slipped 2 basis points to 4.004%, after falling 5 basis points overnight to as low as 3.9840%, a one-week trough. Brent crude futures eased 0.2% to $86.02 per barrel and U.S. West Texas Intermediate crude futures also fell 0.2% to $82.73.

Persons: Issei Kato, Carol Kong, Kong, Chetan Ahya, Morgan Stanley, Dow, Stella Qiu, Jamie Freed, Edmund Klamann Organizations: REUTERS, Japan's Nikkei, Commonwealth Bank of Australia, Wall, Nasdaq, U.S, Brent, . West Texas, Thomson Locations: Tokyo, Japan, China, SYDNEY, Italy, Asia, Pacific, Hong Kong, Brazil

Containers are seen at the Yangshan Deep-Water Port in Shanghai, China October 19, 2020. REUTERS/Aly Song/File PhotoAug 9 (Reuters) - A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. Producer prices in China have been falling on an annual basis every month since October, and more importantly, the pace of decline has accelerated this year. The range of PPI forecasts is -6.1% to -2.9%, and the CPI range is -0.9% to 0.5%, according to Reuters polls. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Aly, Jamie McGeever, Deepa Babington Organizations: REUTERS, Wall Street, CPI, Bridgestone, Honda, Sony, Nasdaq, China CPI, PPI, Thomson, Reuters Locations: Shanghai, China, Japan, Asia, South Korea

MSCI's broad Asia ex-Japan index shed 1.5% last week, its third consecutive week without rising, and is flat for the year. Much of that is due to the sluggishness of China's markets, and key indicators from the region's largest economy on Monday will get the trading week underway. Annual producer price inflation, already the most negative since 2016, is seen falling to -5.0% from -4.6% in May. Chinese banking stocks, measured by the Hong Kong-listed Hang Seng Mainland Banks Index (.HSMBI), plunged 10.5% last week. Reflecting just how poorly China's post-lockdown economy has performed relative to consensus forecasts, Citi's Chinese economic surprises index has now fallen 11 weeks in a row.

Persons: Jamie McGeever, Janet Yellen's, Yellen, Fed's Barr, Daly, Mester, Diane Craft Organizations: U.S, Mainland Banks Index, Treasury, China CPI, PPI, Thomson, Reuters Locations: China, New Zealand, South Korea, Wall, MSCI's, Asia, Japan, Hong Kong, Mainland, underperformance

Any optimism could be punctured, however, by inflation data from China. April's CPI report showed inflation virtually evaporated, highlighting Beijing's challenge to stimulate enough economic activity and growth to kill the threat of deflation. The weak jobless claims figures torpedoed the dollar more broadly, sank Treasury yields, and cooled Fed rate hike expectations. Remarkably, the main measure of U.S. stock market volatility is at a pre-pandemic low, and implied global FX volatility is its lowest in over a year too. Here are three key developments that could provide more direction to markets on Friday:- China CPI inflation (May)- China PPI inflation (May)- South Korea current account (April)By Jamie McGeever; editing by Deepa BabingtonOur Standards: The Thomson Reuters Trust Principles.

Persons: Jamie McGeever, Deepa Babington Organizations: Nasdaq, Treasury, Wall, China PPI, Thomson, Reuters Locations: Asia, China, Japan, South Korea

Wall Street and world markets cheered below-consensus U.S. inflation on Wednesday, but they may not be so accommodating if Chinese inflation on Thursday also undershoots forecasts. On the other hand, inflation in China is already extremely low and a sign that the world's second largest economy is struggling to generate demand, momentum and sufficient growth. Charlie Bilello, chief market analyst at Creative Planning, on Wednesday tweeted a list of 34 countries' annual consumer price inflation rates. China's 0.7%, the lowest since September 2021, was comfortably the weakest of them all, by almost two full percentage points. Producer price inflation figures will also be released on Thursday.

March 9 (Reuters) - A look at the day ahead in Asian markets from Jamie McGeever. Unsurprisingly, Asian markets slumped on Wednesday following the surge in U.S. yields, implied rates and the dollar. MSCI's Asia ex-Japan index fell 1.5%, Hong Kong stocks fell more than 2% and the Hang Seng Tech index fell more than 3%. Bank Negara Malaysia surprised markets in January by keeping its benchmark rate unchanged. The potential for conflict between China and the U.S. appears to be inching up on a near daily basis too.

Consumer price inflation in January is expected to have risen 0.7% on the month and at an annual rate of 2.2%, up from 0.0% and 1.8%, respectively, as the economy picks up following its COVID-19 pandemic paralysis. chartOn its own, economic re-opening will likely accelerate growth and inflation this year. Deteriorating Sino-U.S. relations could encourage some investors and businesses to rethink their exposure to China, potentially affecting Chinese assets and rippling through to others, like European equities and U.S. Treasuries. Risk assets are repricing accordingly. Here are three key developments that could provide more direction to markets on Friday:- China CPI and PPI inflation (January)- Japan goods price inflation (January)- India industrial production (December)By Jamie McGeever; Editing by Josie KaoOur Standards: The Thomson Reuters Trust Principles.

Chinese producer and consumer price inflation reports for November grab the limelight in Asia on Friday, with investors hoping to round off a bruising week on a positive note. Meanwhile, analysts expect the annual rate of consumer price inflation to slow to 1.6% from 2.1% in October, which would be the slowest rate of increase since March. China, the world's biggest energy consumer, is a major trade partner of oil-producing Gulf states and bilateral ties have expanded and strengthened in recent years. China's inflation figures follow a downside surprise in euro zone consumer price inflation, and economists expect upcoming U.S. producer and consumer price inflation numbers to have eased in November too. Three key developments that could provide more direction to markets on Friday:- China CPI (November)- China PPI (November)- South Korea current account (November)Reporting by Jamie McGeever in Orlando, Fla.; Editing by Josie KaoOur Standards: The Thomson Reuters Trust Principles.

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