On Thursday, data from China's National Bureau of Statistics showed that consumer prices fell by 0% year-on-year in January..8%, up 0.3%, compared to a year-on-year decline of 0 in December last year..3%, up 0.1%。Economists had predicted that consumer prices would fall by 0% year-on-year in January..5%, up 0.4%。

In addition, producer prices fell by 2.5%, compared to a 2.7%。Economists had predicted that producer prices would fall 2 percent year-on-year in January..6%。

Better-than-expected producer price data offset the impact on the market of more year-over-year declines in consumer prices。

A slowdown in the rate of decline in producer prices could signal an improvement in the demand environment。When the competitive environment is less intense, producers raise prices, passing on costs to consumers。

In addition to the Chinese data, on Thursday, the US labor market data is also worthy of investors' attention.。Economists predict first-time claims for unemployment benefits will fall from 22 in the week ending February 3..40,000 to 220,000。

However, statements by FOMC members also need to be considered.。Thomas Balkin, voting member of the Federal Open Market Committee, will speak。FOMC member Barkin spoke Wednesday, calling for patience with rate cuts。