Reply To: Traders Market Weekly: Inflation and Bear Market Rallies

#41273
Truman
Participant

South Korea’s July CPI 0.5% m/m (expected 0.4%; last 0.6%); 6.3% yr/yr, as expected (last 6.0%)
Hong Kong’s June Retail Sales -1.2% yr/yr (last -1.7%)
Australia’s June Building Approvals -0.7% m/m (expected -5.0%; last 11.2%), Private House Approvals 1.2% m/m (last -2.1%), and June Home Loans -3.3% m/m (expected -3.0%; last 2.1%). July Commodity Prices 14.1% yr/yr (last 29.2%)
Panasonic will raise prices on some of its products by up to 23%.
China Beige Book noted that the Chinese economy deteriorated in July.
Bank of Korea expects South Korea’s inflation to remain above 6.0% for a while.
The Reserve Bank of Australia raised its cash rate by 50 bps to 1.85%, as expected.
House Speaker Pelosi is expected to arrive in Taiwan later today.