China CPI and PPI for April are due today,
Due at 0130GMT
– For the CPI, expected is 2.3% y/y, prior 2.3% also
– And for PPI, expected -3.7%, prior -4.3% (deflation at this levet has been persistent)
Over the weekend we got FX Reserves data along with the Trade data, and the moves in China markets yesterday were a weak stock market and big drops in iron ore 9amongst others)