Outlook for today's financial data: China's CPI and PPI data will be released in the morning. the market expects CPI to recover to 2 per cent or boost the renminbi.

SMM8 9: today's data nine, focusing on China's PPI, CPI data and the United States PPI data. China's July CPI and PPI data will have an impact on the renminbi and commodity currencies, while the US PPI data for July, if better, is expected to support the dollar and could suppress gold, silver and most non-US currencies.

Subsequently, it was announced that the scale of China's social financing and the annual rate of China's M2 money supply, which reflects the increase in supply because of the close relationship between the amount of money supply and expenditure, indicates that future spending will increase, which will help China's economic growth accelerate. As China's largest trading partner, the improvement in China's economy has helped boost Australian exports, which in turn has helped accelerate Australia's economic growth. As a result, the increase in the money supply has been beneficial to the Australian dollar.

At night, you need to pay attention to the July PPI data in the United States, which is mainly used to measure the price changes of various commodities at different stages of production, usually as an important indicator of inflation. When producers charge more for products and services, higher cost inflation is transmitted to consumers. Us PPI grew 3.4 per cent in June from a year earlier, the best performance in six and a half years, according to July data. PPI growth is now expected to remain at that level in July, which is expected to support the dollar and could suppress gold and silver and most non-US currencies.

This will be followed by the release of initial jobless claims in the United States. as the weekly release of the data is the focus of the investment market, the sharp increase in unemployment has increased the fiscal pressure on the US government. It is also a test for the US economy, which is suffering from a "double-deficit terminal illness", and is not good for the dollar.

The monthly rate of wholesale inventories in the US will be released at 10:00 in the evening, a sign of future business spending. High wholesale inventories indicate a mountain of unsold goods, indicating that retailers are facing lagging consumer demand and reluctance to buy. On the contrary, the decline in wholesale inventory indicates that retailers buy more goods to meet strong or growing demand. Because wholesale inventories reflect retailers' demand for manufacturers' goods, the report provides an early sign of the spending power of potential consumers.

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