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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
US NFIB business optimism index advanced in July
In the US, the NFIB business optimism index rose to 89.90 in July, compared to a reading of 89.50 in the prior month.
Japan PPI climbed more than anticipated in July
In Japan, the producer price index (PPI) advanced 8.60% on a YoY basis in July, compared to a revised rise of 9.40% in the previous month. Markets were anticipating the PPI to record a rise of 8.40%.
China CPI advanced less than expected in July
In China, the consumer price index (CPI) climbed 2.70% on a YoY basis in July, compared to a rise of 2.50% in the prior month. Market expectations were for the CPI were to record a rise of 2.90%.
China PPI climbed less than anticipated in July
In China, the PPI rose 4.20% on a YoY basis in July, compared to a rise of 6.10% in the previous month. Market anticipations were for the PPI to record a rise of 8.00%.
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