Chinese PPI YoY (Jan) Y/Y -1.4% vs. Exp. -1.5% (Prev. -1.9%, Low. -1.9%, High. -1.0%)
The Chinese Producer Price Index (PPI) came in at -1.4% year-over-year for January, slightly better than the expected -1.5% and an improvement from the previous -1.9%.
RBA Deputy Governor Hauser says Australia's economy is not just 'dig it and ship it', many parts of the economy are doing quite well, adds inflation is too high which they can't let persist and will do what is needed to return it to the band
UK expands settlement visa for Hong Kongers following Jimmy Lai's sentence
Chinese PPI YoY (Jan) Y/Y -1.4% vs. Exp. -1.5% (Prev. -1.9%, Low. -1.9%, High. -1.0%)
PBoC injects CNY 78.5bln via 7-day reverse repos with the rate at 1.40% and injects CNY 400bln via 14-day reverse repos with the rate at 1.65%
PRE-MARKET CHINESE STOCKS NEWS: SMIC (981 HK) prelim Q4 (USD) net rose 60.7% Y/Y to 172.8mln (exp. 170.3mln), rev. rose 12.8% Y/Y to 2.49bln
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This marginal beat suggests that deflationary pressures are easing, which could imply a positive outlook for price stability and influence market sentiment regarding future economic policy in China.
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