China’s consumer inflation slowed further in December, sparking deflation fears
In December, China’s consumer price growth fell to Annual growth of 0.1%Data released by the National Bureau of Statistics on Thursday triggered deflation.
The rise in headline inflation was in line with Reuters forecasts but down from November’s 0.2% increase. Data show that the core CPI, which excludes food and energy prices, increased by 0.4% year-on-year and rose by 0.3% last month.
From a month-on-month perspective, China’s CPI remained flat, down 0.6% last month.
Official statistics showed that food prices fell 0.6% from the previous month due to favorable weather conditions. The prices of fresh vegetables and fruits fell by 2.4% and 1% respectively. Pork prices, which account for a large part of the CPI basket, fell 2.1%.
——Li Yingshan
CNBC Pro: Beyond Tencent: Goldman Sachs refreshes list of Asia’s top stocks – and one rises nearly 50%
Goldman Sachs wary of Chinese tech giants Tencent Holdingsremoving it from the Asia-Pacific “preferred list.”
The investment bank also removed several other stocks from the list and added others, including one with nearly 50% upside.
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— Amala Balakrishna
CNBC Pro: Bernstein says Taiwanese chip suppliers will benefit in 2026
MediaTekcooperation with Taiwan Semiconductor Corporation NVIDIA Bernstein said the partnership is expected to deliver significant economic benefits on its newly released small-scale artificial intelligence supercomputer starting in 2026.
Nvidia’s desktop supercomputer will start at $3,000 and is scheduled to launch in May 2025.
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— Ganesh Rao
Fed minutes show officials worried about impact of Trump policies on inflation
A summary of the Federal Reserve’s December meeting showed central bankers were worried about how the incoming Trump administration’s policies might affect inflation.
“Nearly all participants agree that upside risks to the inflation outlook have increased,” meeting minutes say. “In discussing the outlook for monetary policy, participants indicated that the Committee has reached or is close to the point at which it would be appropriate to slow the pace of policy easing.”
— Fred Ambert
European Markets: Here are the opening calls
European markets are expected to open higher on Thursday.
British FTSE 100 The German stock index is expected to open 13 points higher at 8,256 German DAX Index France rises 44 points to 20,361 CAC Up 8 points to 7,454 points, Italy FTSE MIB It rose 2 points to 35,210, according to IG data.
Earnings release includes trading statement multiple sclerosis, Tesco and Greggs. Germany’s November trade balance data will be released on Thursday.
— Holly Elliot
