UK CPI ahead, potential balance sheet recession in China
By Tiffany Wang, WOO Network Analyst
The most significant event last week was the release of the US CPI, which aligned with expectations. Also, there was a continued decline in long-end bond prices throughout the week. As discussed previously, this drop is linked to worries about the long-term sustainability of fiscal policies and inflation expectations.
Turning to China’s data, it painted a somewhat negative picture. The headline CPI for July slipped into negative territory for the first time since 2021. Additionally, July new loans fell well short of forecasts, marking the lowest level since 2009. This underwhelming lending data reflects weak demand for financing from the real economy. Some economists have raised concerns about a potential balance sheet recession.
The most critical data next week is the UK CPI on August 16
Crypto and blockchain events this week (Aug 14th ~ 18th)
Meanwhile, here are the biggest crypto and blockchain events happening around the world this week so that you can stay informed.
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