Five Things Everyone Will Be Talking About Today
There's a lot going on, time to get caught up
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Lowflation in China may mean more easing ahead, the IEA sees oil recovering to $80 a barrel and Obama makes the case for the TPP. Here are some of the things people in markets are talking about this morning.
Consumer inflation in China rose 1.3 percent in October, lower than the 1.5 percent median estimate in a Bloomberg survey. The lower-than-expected number was driven by a big drop in food prices. The producer-price index fell for the 44th straight month, coming in at -5.9 percent. The low inflation number, coupled with the trade drop announced on Sunday has opened the door to additional stimulus from the authorities. The Shanghai Composite Index ended its four-day rally, closing 0.2 percent lower.