The China producer price index (PPI) reduced 0.8% last month, the highest softening over last three years! This issue has increased the concerns about the recession and caused the market participants to invest on bonds and gold. Therefore Dow Futures Index decreased to -0.25%.
On the other hand, the China consumer price index (CPI) bounced 2.8%, relates to the trade war between China and US. US products become limited in China and cause the price of goods including foodstuff to trend up! For example the price of pork meat jumped 100%!
