A few charts and thoughts today...
China – CPI higher, PPI lower - China’s inflation climbed just a touch (higher vegetable prices) to 1.5% year-on-year in December, producer-price index slipped 3.3% from a year ago for its 34th month in a row of declines (and largest decline in over 2 years). A great chart here via @jpwwhite123. Productivity or high competition is pushing down inflation levels in manufacturing goods? Probably a bit of both...but again shows China in transition.
...or maybe Mario has been doing some trading (European bonds have been the place to be on a risk-adjusted basis):
Meanwhile the euro is getting very close to where it launched from against the US dollar (and fell in price from...):
I will link my posting on Tesco on a third party site later but two pieces of news. First I see Moody's have cut the company's bond rating to junk... a bit harsh in my view. Second the Daily Mail had this interesting basket comparison. Tesco matches up ok...but Waitrose cheaper than Morrisons?!
Non-farm payrolls in the US later...maybe the inflation stats are more interesting to watch.
A few final charts...great demographic linked chart:
Where to go on holiday from a US dollar perspective if you want to maximise your recent currency moves uplift:
Finally interesting average temperature map of the US for 2014...some hot but more colder than average. So much for generalised global warming? Or just local systems?