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The latest inflation report from China showed a strong gain in consumer prices. The gains were driven by demand on account of the coronavirus as well as the Chinese lunar new year.
China’s inflation rose 5.4% on the year in January 2020. This was the highest level in CPI, in over eight years, since October 2011.
Sentix Investor Confidence Slips in February
The eurozone’s investor confidence, as measured by Sentix, fell slightly from 7.6 to 5.2 in February. The declines came as investors fear the ramifications of the coronavirus outbreak.
Although the reported cases in Europe have been low, investors are weighing the larger impact in terms of trade with China. In a separate report, Italy’s industrial production was down 2.7% following a 0.1% increase previously.
No Respite for the EURUSD
The common currency continues its bearish trend with no signs of a respite. The EURUSD is posting fresh 202...
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