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China deflates, gas spikes, US CPI later
Thursday 10th August 2023
NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NAB
As expected, latest CPI data from China shows a country suffering the impact of deflation. It raises many questions including, could lower prices help calm inflation elsewhere. NAB’s Rodrigo Catril gives some perspectives today. Plus, oil and gas prices rise, for different reasons. We examine that. Latest spending data shows Australians continue to spend more, whereas New Zealanders have put a cap on their spending. Does that reinforce the expectations for the respective central banks and what is that doing to the spread of trans-Tasman bond yields? The key metric today, everyone is hanging out for, is the US CPI, out late tonight Australia time. <br /> Hosted on Acast. See acast.com/privacy for more information.
