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Outlook for Today's Financial data: release of China CPI and PPI data in the morning and release of US CPI data in the afternoon
Jun 12,2019 00:27CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

SMM6 12: this afternoon, European Central Bank President Draghi delivered a speech, European Central Bank Deputy President Gindos (Luis de Guindos) delivered a speech.

On the data side, China's May PPI annual rate (%), released in the morning, is a leading indicator of consumer inflation-when producers need higher costs to buy raw materials, usually higher prices will be passed on to consumers, indicating a rise in inflation in the future. If the producer price index rises, it may tighten the central bank's policy to the detriment of the Chinese economy, which is not conducive to Australian exports, given that China is Australia's largest trading partner. As a result, China's producer price index rose, unfavorable to the Australian dollar, but the impact is low.

China's annual CPI rate (%) in May, inflation data is one of the main factors determining the central bank's monetary policy. If inflation is high, the people's Bank of China will tighten its policies to the detriment of the economy. Given that China is Australia's largest trading partner, China's economy is slowing and is not conducive to Australian exports. As a result, rising inflation in China is bad for the Australian dollar.

In the afternoon, it was announced that the amount of social financing in China in May (100 million yuan), China's M2 annual rate of money supply in May (%), due to the close relationship between the amount of money supply and expenditure, the increase in supply indicates an increase in future spending, which will help accelerate China's economic growth. Australia, as China's largest trading partner, the improvement of China's economy has helped to boost Australia's exports and thus accelerate Australia's economic growth. As a result, an increase in the money supply is good for the Australian dollar.

In the evening, it was announced that the US non-quarterly CPI annual rate (%), the US non-quarterly CPI index in May, and the US non-quarterly CPI annual rate (%), is one of the important indicators of US inflation. The Federal Reserve uses this data to adjust monetary policy, thereby affecting the exchange rate of the US dollar in the short term.

The week ended June 7, the United States EIA crude oil inventory changes (10,000 barrels), the United States as of June 7 EIA gasoline inventory changes (10, 000 barrels), the United States as of June 7, the week EIA refining inventory changes (10, 000 barrels), this is a U. S. indicator, inventory increase or decrease, will affect crude oil prices, and then have an impact on the Canadian dollar, because Canada's crude oil exports account for a large proportion of the economy. The impact is greater than the American Petroleum Institute's weekly crude oil inventory changes.

 

Today's important financial data are shown in the table below:

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