Reported Earlier, China Consumer Price Index (YoY) For May 0.3% Vs. 0.4% Est.; 0.3% Prior
Portfolio Pulse from Benzinga Newsdesk
China's Consumer Price Index (CPI) for May came in at 0.3% year-over-year, below the estimated 0.4% and matching the prior month's 0.3%.
June 12, 2024 | 5:00 am
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NEGATIVE IMPACT
The China Consumer Price Index (CPI) for May was reported at 0.3% year-over-year, below the estimated 0.4% and matching the prior month's 0.3%. This could indicate weaker consumer demand and potential economic slowdown in China, which may negatively impact the iShares China Large-Cap ETF (FXI).
The lower-than-expected CPI suggests weaker consumer demand, which could indicate an economic slowdown in China. This is likely to negatively impact the iShares China Large-Cap ETF (FXI) as it is heavily exposed to the Chinese market.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80