Analysts at TD Securities noted that this week sees the release of Chinese November trade (Tuesday) and CPI (Wednesday).
Key Quotes:
"We and the consensus have pencilled in a similar recovery for exports (-5% Y/Y from a prior -6.9%). On imports, we are slightly more optimistic expecting -10% Y/Y (consensus -11.9%). We see downside risks to November’s CPI at 1.2% Y/Y (consensus: +1.4%). Food price inflation moderated slightly in November, hence the tick lower in overall CPI, as it accounts for 1/3 of the index."
Key Quotes:
"We and the consensus have pencilled in a similar recovery for exports (-5% Y/Y from a prior -6.9%). On imports, we are slightly more optimistic expecting -10% Y/Y (consensus -11.9%). We see downside risks to November’s CPI at 1.2% Y/Y (consensus: +1.4%). Food price inflation moderated slightly in November, hence the tick lower in overall CPI, as it accounts for 1/3 of the index."
