China's CPI declines by 0.3% Fed's Mester pushes back against March rate cut expectations The Australian dollar has edged higher on Friday. In the Europ
New Zealand Manufacturing Sales expected to improve to 0.9% China releases CPI on Saturday The New Zealand dollar is in positive territory on Thursday. In
It's been a relatively slow start to the week but there's still plenty to look forward to, most notably the US inflation data on Wednesday. Friday's jobs re
concern for china. people are seeing their wages cut and the cost of goods as they leave the factory, the producer price index , has been dropping for months because of lack of demand, and that slide is accelerating. may saw the steepest fall in producer prices in seven years at 4.6%. david woo is a former imf economist and wall street investment strategist who now blogs on the world of finance. we asked him if, looking at the data, there could be a deflationary wave about to spread around the world? i think to some extent. and, by the way, that s not necessarily a bad thing because there s too much inflation everywhere else, so if china were to actually export some deflation to the rest of the world, that should be welcomed. but, that said, i think it s much more than that because if you actually look at chinese cpi, which reflects largely things like even services, i mean, services are weak and china is not even exporting services. car sales are down 5% year on year