Daily news

InsingerGilissen, 09 SEP 2019

While Germany’s August trade balance shows slightly stronger exports vs lower imports compared to July, yesterday’s Chinese trade figures weakened clearly more on the import than on the export-side, which was also down based on USD. However, on Friday the PBoC announced a further RRR cut, and possibly a rate cut could be its next easing step.

The message is clear: Peking continues to support its growth. Tomorrow, China will also publish inflation and producer price data for August. Inflation will definitely be a hot topic next week, as CPI will also be published for the US on Thursday.

Download File