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U.S. June PPI Misses Forecast at 5.5%, Chinese Stocks Rally on July 16

2026-07-15 22:55:19

According to Guru Club's market update on July 16, U.S. stock indexes closed slightly higher while Chinese technology stocks surged; the storage sector, however, fell sharply. U.S. June producer price inflation came in at 5.5% year-over-year, missing expectations, with month-over-month inflation unexpectedly declining 0.3%. Core PPI rose 4.7% annually and 0.2% monthly, both below forecast. Federal Reserve officials signaled confidence that inflation has peaked and will gradually decline over coming quarters. Meanwhile, China's June new social financing totaled 3.36 trillion yuan with new yuan loans at 1.61 trillion yuan, both falling short of estimates.

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