WS #13715
China July CPI +0.5% y/y (below 0.8% forecast) and PPI +3.5% (below 3.8%), confirming deflationary pressure and supporting stimulus expectations. Senate passed Lindsey Graham Sanctioning Russia and Iran Act allowing 100% tariffs on top importers of Russian oil/gas (China, India, etc.), escalating trade tensions.
China July inflation data
China July CPI +0.5% y/y (below 0.8% forecast) and PPI +3.5% (below 3.8%), confirming deflationary pressure and supporting stimulus expectations.
Senate passed Lindsey Graham Sanctioning Russia and Iran Act allowing 100% tariffs on top importers of Russian oil/gas (China, India, etc.), escalating trade tensions.