Reported Earlier, China Producer Price Index (YoY) For July -0.8% Vs. -0.9% Est.; -0.8% Prior
Portfolio Pulse from Benzinga Newsdesk
China's Producer Price Index (PPI) for July came in at -0.8% year-over-year, which is slightly better than the estimated -0.9% and matches the prior month's figure. This data could have implications for ETFs with significant exposure to Chinese markets, such as FXI.
August 09, 2024 | 4:59 am
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The China Producer Price Index (PPI) for July was reported at -0.8% year-over-year, slightly better than the estimated -0.9%. This could positively impact the iShares China Large-Cap ETF (FXI) as it indicates a potentially stabilizing economic environment in China.
The better-than-expected PPI figure suggests that the deflationary pressures in China's industrial sector may be easing. This could lead to a more stable economic environment, which is positive for ETFs like FXI that have significant exposure to Chinese markets.
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