UPCOMING EVENTS:Monday: China CPI.Tuesday: UK Labour Market report, US NFIB Business Optimism Index.Wednesday: UK GDP, US CPI.Thursday: Japan PPI, ECB Policy Decision, US PPI, US Jobless Claims.Friday: New Zealand Manufacturing PMI, US University of Michigan Consumer Sentiment.MondayThe Chinese CPI Y/Y is expected at 0.7% vs. 0.5% prior, while the M/M measure is seen at 0.5% vs. 0.5% prior. Real rates in China continue to be too high when there’s a strong need for very low and even negative rates in such economic circumstances. Chinese officials keep pledging more support but overall they’ve been pretty slow in doing so. TuesdayThe UK Labour Market report is expected to show 1
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