European Stocks Rise as Markets Await Key U.S. Inflation Data 
Dollar Holds Steady as Markets Shift Focus to 2026 Rate Cut Expectations 
Asian Currencies Steady as Markets Await Fed Rate Decision; Indian Rupee Hits New Record Low 
Asian Markets Stabilize as Wall Street Rebounds and Rate Concerns Ease 
Asian Currencies Steady as Rupee Hits Record Low Amid Fed Rate Cut Bets 
Asian Currencies Edge Higher as Markets Look to Fed Rate Cut; Rupee Steadies Near Record Lows 
Asian Markets Mixed as Fed Rate Cut Bets Grow and Japan’s Nikkei Leads Gains 
IMF Deputy Dan Katz Visits China as Key Economic Review Nears 
Gold Prices Steady as Markets Await Key U.S. Data and Expected Fed Rate Cut 
China’s Services Sector Posts Slowest Growth in Five Months as Demand Softens 
BOJ Governor Ueda Highlights Uncertainty Over Future Interest Rate Hikes 
Dollar Slides to Five-Week Low as Asian Stocks Struggle and Markets Bet on Fed Rate Cut 
Australia’s Economic Growth Slows in Q3 Despite Strong Investment Activity 
European Oil & Gas Stocks Face 2026 With Cautious Outlook Amid Valuation Pressure 
Gold Prices Edge Higher as Markets Await Key U.S. PCE Inflation Data 
Japan’s Nikkei Drops as Markets Await Key U.S. Inflation Data 
China’s Inflation Remains Weak in October Amidst New Stimulus Measures
October CPI and PPI Overview
In October, China’s Consumer Price Index (CPI) inflation rose 0.3% year-on-year, marking a slowdown from September’s 0.4% increase. Monthly CPI figures saw a decline of 0.3%, indicating stagnant consumer spending despite government interventions. This is the weakest CPI growth since July, highlighting the ongoing struggle to boost consumer demand even as Beijing ramps up its economic stimulus.
Massive Fiscal Stimulus Introduced
In response to ongoing economic challenges, the National People’s Congress approved a substantial fiscal package, injecting 10 trillion yuan ($1.6 trillion) to invigorate the economy. However, investors remain skeptical about its immediate impact on consumer behavior, as the new measures largely focus on broad fiscal support rather than targeted consumer incentives. The lack of a tailored approach for private spending raises concerns about the effectiveness of the stimulus in promoting immediate economic growth.
Producer Prices Continue to Decline
October’s Producer Price Index (PPI) inflation showed a deeper contraction, shrinking by 2.9%, exceeding forecasts for a 2.5% drop and marking a 25-month consecutive decline. This extended decline signals persistent weakness in China’s manufacturing sector, affected by sluggish demand and limited capital investment.
Conclusion
Despite significant fiscal measures, China’s October inflation data reflect ongoing challenges in spurring both consumer and industrial spending. Continued weaknesses in CPI and PPI figures suggest that more targeted stimulus may be required to catalyze a stronger recovery.
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