SHANGHAI, Nov. 18 (SMM) – Fed Chairwoman Janet Yellen’s hawkish tone means a good chance the Fed will increase interest rate in December. But base metals give little response to this. Base metals are expected to remain range-bound in the near term.
China Index Academy (CIA) shows of China’s 100 cities, home prices in 79 cities rose MoM in October, down 2 from September. Home prices in 21 cities fell MoM, up 3. In first and second-tier cities, most reported slight month-on-month growth in home prices. This means the number of cities that will report month-on-month drop in home price in October may increase.
Germany’s annualized October PPI is expected to rise further. Germany’s annualized October CPI reflects the country’s inflation is on the rise.