People walk past the headquarters of the People's Bank of China (PBOC), the central bank, in Beijing, China September 28, 2018.
Going by Wall Street's decline on Thursday, sparked by a spike in long-dated U.S. bond yields following a weak 30-year auction, the mood will be one of caution, at best.
Annual producer price inflation has been negative for a year, although consumer inflation only briefly dipped below zero in July.
On Thursday the yield curve flattened the most in a single day since March, a 'bull' flattening led by heavy buying of long-dated bonds.
Here are key developments that could provide more direction to markets on Friday:- China PPI and CPI inflation (September)- China trade (September)- Singapore policy decision and GDP (Q3)By Jamie McGeever; Editing by Josie KaoOur Standards: The Thomson Reuters Trust Principles.
Persons:
Jason Lee, Jamie McGeever, Stocks, Josie Kao
Organizations:
People's Bank of China, REUTERS, PPI, CPI, September's PPI, Reuters, Treasury, China PPI, Thomson
Locations:
Beijing, China, U.S, Singapore, South Korea, India