Chinese inflation data will be published over the weekend

Due at 0130 GMT on Saturday, November 9, 2024:

• 2130 US Eastern time on Friday, November 8

China’s CPI for October:

• expected -0.1% m/m, prior 0.0%
• expected +0.4% y/y, prior +0.4%

PPI:

• expected -2.5% y/y, prior -2.8%
• expected not as negative as in September due to raw material metals having risen in October, along with the global price of crude oil

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Ahead of the data we should hear something out of the National People’s Congress Standing Committee sometime on Friday (the meeting concludes today). More stimulus measures are expected.

This article was written by Eamonn Sheridan at www.forexlive.com.