Chinese PPI YoY (Apr) Y/Y 2.8% vs. Exp. 1.5% (Prev. 0.5%)
The stronger-than-expected Chinese PPI reading for April at 2.8% versus the anticipated 1.5% suggests rising inflationary pressures in the manufacturing sector.
Iranian official says that Iran's response to the US plan is realistic and positive, according to Al Jazeera
BoJ appoints Masaki as Executive Director for International Affairs, overseeing BoJ Global Research and G7/G20 liaison
Chinese PPI YoY (Apr) Y/Y 2.8% vs. Exp. 1.5% (Prev. 0.5%)
PBoC injects CNY 0.5bln via 7-day reverse repos with rate maintained at 1.40%
PRE-MARKET CHINESE STOCKS NEWS: Chinese trade data topped forecasts, while attention turns to inflation data
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This could have significant implications for Chinese monetary policy and might influence the broader market as investors reassess growth prospects and inflation dynamics, particularly in relation to commodities and FX flows.
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