China recorded its first month of inflation in four months with the country’s consumer price index climbing 0.7% year on year in February.
Asia-Pacific markets were mixed Monday after Wall Street's rally took a breather, with Japan's markets leading losses in the region.plunged 2.18%, slipping below the 39,000 mark for the first time since Feb. 21, while the Topix was down 1.9%.showed the economy expanded 0.4% in the October-December period last year, which could clear the way for the Bank of Japan to raise rates sooner rather than later.
A positive GDP reading could clear the way for the Bank of Japan to raise rates sooner rather than later.The figure is a marked reversal from the 0.8% fall in January, which also was China's largest rate of deflation since September 2009. It also beat the 0.3% rise that economists polled by Reuters were expecting.
On a month on month basis, the CPI rose 1%, higher than the 0.7% expected by the Reuters poll and compared to the 0.3% rise seen in January.illustrates that the Fed is actually achieving its so-called dual mandate of having high employment while keeping inflation tame, said Jamie Cox, managing partner for Harris Financial.
"Labor is rolling, and wage inflation is rolling over — the Fed is threading the needle on its dual mandate," Cox said. "No one expected this result, but it's happening."posted a weekly loss as lackluster demand out of China collided with a market that the International Energy Agency views as well supplied.U.S. crude and the global benchmark lost 2.45% and 1.8%, respectively, for the week.
"The big burst of China demand recovery continues to just not pan out and without it, it's going to be hard for these prices to sustain themselves and recover further and get WTI back above 80 bucks," John Kilduff, founding partner at Again Capital, told CNBC.A Nvidia logo is shown on a screen during a keynote address by Nvidia Founder, President and CEO Jen-Hsun Huang at CES 2017 at The Venetian Las Vegas on January 4, 2017 in Las Vegas, Nevada.
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