Reported Earlier, China Producer Price Index (YoY) For May -1.4% Vs. -1.5% Est.; -2.5% Prior
Portfolio Pulse from Benzinga Newsdesk
China's Producer Price Index (PPI) for May decreased by 1.4% year-over-year, which is slightly better than the estimated -1.5% and an improvement from the previous -2.5%.
June 12, 2024 | 5:01 am
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POSITIVE IMPACT
The iShares China Large-Cap ETF (FXI) may see a positive short-term impact as China's PPI for May fell by 1.4% YoY, better than the estimated -1.5% and an improvement from the previous -2.5%.
The better-than-expected PPI data suggests a potential stabilization in China's industrial sector, which could positively influence the performance of the iShares China Large-Cap ETF (FXI).
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80