The Great U.S. China Inflation War!!
OK, you've caught me. It's not a war, but disagreement just doesn't have the same ring to it.
I'm trying to drum up some excitement because someone hit the market off switch (again)
Yields and FX are not moving much.
U.S. futures up by 0.2%.
Asian equities 👇
Keeping it simple, China's Banking and Insurance watchdog (CBIRC) say that global inflation is NOT temporary.
For China, it is the cost-push inflation which affects the operation of the middle and downstream enterprises. The banks need to make some forward-looking forecasts to control the risks.
They expect monthly PPI to hit