CPI (YoY) (Jun) 0.0% vs 0.2% Est.; CPI (MoM (Jun) (0.2)% vs 0.0% Est.; PPI YoY (Jun) (5.4)% vs (5.0)% Est.
Portfolio Pulse from Benzinga Newsdesk
The Consumer Price Index (CPI) for June came in at 0.0% year-on-year, below the estimated 0.2%. On a month-on-month basis, the CPI was down 0.2%, against an estimate of 0.0%. The Producer Price Index (PPI) for June was down 5.4% year-on-year, more than the estimated 5.0% decrease.
July 10, 2023 | 1:40 am
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
The lower than expected CPI and higher than expected PPI could impact the iShares China Large-Cap ETF (FXI), as these indices are indicators of economic health and can influence market sentiment.
The CPI and PPI are key indicators of economic health. Lower than expected CPI indicates lower inflation, which could signal a slowing economy. Higher than expected PPI suggests increased costs for producers, which could squeeze profit margins and negatively impact the stock market. As FXI tracks the performance of large-cap Chinese companies, these economic indicators could influence the ETF's performance.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75