China data-September CPI & PPI
CPI, in at +1.6% y/y
– expected +1.8% and prior was 2.0%
PPI, -5.9% y/y
– expected -5.9% and prior was -5.9% also
–
PPI negative for 43 consecutive months now … prices will be weighed upon while overcapacity is persistent and commodity prices remain on the soft side