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China's CPI fell 0.5% month-on-month and 0.5% year-on-year in November, the steepest annual drop since November 2020, according to the National Bureau of Statistics. The data disappointed investors and pointed to rising deflationary pressure from subdued domestic demand.
Persistent deflation and weak domestic demand in China point to softer import appetite for feed grains and meal, which weighs on global feed prices.
theguardian.comGraeme WeardenDec 11, 2023After 991 past macro events, Chinese Yuan (CNY per USD) moved a median -0.0% over 5 sessions (49% higher; middle half -0.3% to +0.3%), and -0.1% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
