In today’s briefing:
- CX Daily: China’s Updated Green Power Market Guidelines Set to Drive Interprovincial Trading
- EA: HICP Inflation Calm Between Falls
CX Daily: China’s Updated Green Power Market Guidelines Set to Drive Interprovincial Trading
- Green power /Analysis: China’s updated green power market guidelines set to drive interprovincial trading
- HKEX /: HKEX first half profit rises 31% despite sliding trading
- Hong Kong /: Hong Kong families now have fewer than one child each on average, survey shows
EA: HICP Inflation Calm Between Falls
- The final EA HICP inflation print confirmed the 0.2pp slowing to 5.31% in Jul-23, while the ex-tobacco rate precisely matched our 5.26% forecast (index of 122.98).
- Inflation’s decelerating decline looks close to stalling in August amid a rebound in petrol prices. However, the slowing trend should swiftly resume for September and October.
- Underlying inflation is also slowing but has not yet reached a target-consistent monthly pace. The risk of another ECB rate hike increases with inflation’s additional stickiness.
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