The post China consumer price growth weaken in June while producer inflation quickens appeared on BitcoinEthereumNews.com.
A container ship is berthed at the container terminal in Qingdao, China’s eastern Shandong province on June 25, 2026. – | Afp | Getty Images China’s consumer prices grew slower than expected in June, while wholesale inflation accelerated, as elevated energy costs continued to sap domestic demand. Consumer prices rose 1% in June from a year ago, missing economists’ estimates of 1.1% growth in a Reuters poll, and slowing from 1.2% in May, according to data released by the National Bureau of Statistics on Thursday. The producer price index jumped 4.1% from a year earlier, in line with economists’ forecast and outpacing May’s 3.9%. Factory-gate prices had returned to growth in March with input costs rising on the back of the Middle East conflict, helping end one of China’s longest deflationary streaks in decades. Besides higher commodity costs owed to war-led supply di
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Virginia Man Loses $9,888 After Hackers Access His Wells Fargo Account, Transfer Funds to China – The Daily Hodl
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The post Equities: Stagflation hit and chip-sector divergence – Deutsche Bank appeared on BitcoinEthereumNews.com.
Deutsche Bank strategists report that United States (US) equities weakened under a stagflationary backdrop. The S&P 500 fell with broad-based losses, while the Philly semiconductor index outperformed strongly. SK Hynix’s US ADR offering was heavily oversubscribed, and China may allow some domestic AI firms to buy Nvidia H200 chips, supporting chip stocks even as most S&P 500 industry groups declined. Broad losses, semis outperform “Given the stagflationary backdrop, this meant equities took a big hit on both sides of the Atlantic. So the S&P 500 fell -0.28%, with a broad-based decline that saw 78% of the index lose ground. Once again, the move in chip stocks was against the overall market as the Philly semiconductor index (+2.23%) outperformed.” “The outperformance was bolstered by two large news stories. First, SK Hynix’s US offering was more than seven times oversubscrib
A Spotsylvania, Virginia, resident says hackers initiated an unauthorized wire transfer to steal nearly $10,000 from his retirement savings held at Wells Fargo. Jesse Combs, a longtime Wells Fargo customer, says he had never experienced a security issue with his account until May 29th, when he received an email notifying him that a $9,888 wire […]
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China's shift from short-term bonds may stabilize local finances, impacting global fixed-income markets by reducing high-yield bond supply.
The post China pushes municipal borrowers away from short-term bonds in bid to defuse local debt risks appeared first on Crypto Briefing.
The post China’s ChangXin launches $4.3B memory IPO into an AI-driven chip boom appeared on BitcoinEthereumNews.com.
ChangXin Memory Technologies (CXMT) is about to open subscription for its Shanghai IPO worth about 29.5 billion yuan (approximately 4.33 billion dollars) on July 16. This is significant not only because CXMT is the largest DRAM producer in China, but also because investors can use this event to evaluate the potential of the company in light of AI developments. This listing comes about as the memory market across the globe is changing due to developments in AI infrastructure. Companies in the cloud business have started to set up AI data centers that require new technology with higher volume and speed, particularly in high-bandwidth memory (HBM) and DRAM. With that, motherboard producers have prioritized higher profit-margin memory models. The shift has tightened supply and resulted in the continuous increase in memory prices. Interest in CXMT has spread outside of China
The event highlights esports' growing appeal to mainstream sponsors, while the absence of blockchain tech underscores regulatory and adoption challenges.
The post Valorant Champions Tour China Stage 2 kicks off in Changsha with $250K prize pool as esports eyes mainstream sponsorship dollars appeared first on Crypto Briefing.
CXMT's IPO could disrupt the global DRAM market, challenging existing oligopolies and reshaping the semiconductor supply chain dynamics.
The post China’s largest DRAM maker CXMT opens investor subscriptions for $4.3B IPO next week appeared first on Crypto Briefing.
The post China’s CPI inflation falls to 1.0% YoY in June, vs 1.1% expected appeared on BitcoinEthereumNews.com.
China’s Consumer Price Index (CPI) climbed 1.0% in June from a year ago after arriving at a rise of 1.2% in May, the National Bureau of Statistics of China reported on Thursday. The market consensus was for 1.1% in the reported period. Chinese CPI inflation arrived at -0.3% MoM in June versus a decline of 0.1% prior, softer than the expectation of a 0.2% fall. China’s Producer Price Index (PPI) rose 4.1% YoY in June, following a 3.9% increase in May. The data came in line with the market consensus. Market reaction to China’s CPI, PPI data The China-proxy Australian Dollar (AUD) edges slightly lower following the China’s CPI and PPI data. At the press time, the AUD/USD pair is down 0.01% on the day to trade at 0.6927. Australian Dollar FAQs One of the most significant factors for the Australian Dollar (AUD) is the level of interest rates set by the Reserve Bank of Australia (R
