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Acquisition & Strategy - Ferrero 以 31 亿美元的价格收购 Kellogg，标志着该公司财富的转变 [1] - 该公司的财富与含糖零食密切相关 [1]

Investment Rating - The report maintains a cautious stance on inflation forecasts while awaiting further policy actions [3][19]. Core Insights - The year-on-year Consumer Price Index (CPI) turned positive in June, marking a surprise after four consecutive negative readings, which may indicate potential reflation in China [3][4]. - The Producer Price Index (PPI) deflation deepened unexpectedly, highlighting a divergence in price trends among different sectors, particularly between auto and steel prices [4][19]. - The report emphasizes the importance of supply-side reforms (SSR2.0) and the role of demand in shaping inflation expectations [19]. Summary by Sections CPI Analysis - The CPI reading for June was +0.0% YoY, compared to a prior reading of -0.1% YoY, with a sequential change of -0.1% MoM [3][5]. - Significant price increases were noted in the "other goods and services" category, which includes jewelry, with a +8.1% YoY change [5][8]. - Core inflation rose by +0.7% YoY, with core goods prices increasing by 0.9% YoY [5][19]. PPI Analysis - The PPI reading was -3.6% YoY, contrasting with market expectations of a narrower contraction [4][19]. - The PPI for the auto sector showed stabilization, while ferrous metals and non-metallic minerals reported negative changes, indicating a mixed outlook for SSR2.0 candidates [4][19]. Supply Side Reform Insights - The report suggests that the upcoming Politburo meeting and action plans from relevant ministries will be crucial for future inflation trajectories [19]. - The divergence in price trends between sectors like steel and auto underscores the need for targeted demand-side policies [19].

Group 1 - WK Kellogg's shares increased by 34% following the announcement of Ferrero's acquisition plan at $23 per share [1][2] - The acquisition expands Ferrero's presence in the U.S. market by adding Kellogg's cereal brands to its portfolio [3] - Current Kellogg shareholders may not see further benefits as the share price is close to the acquisition price, suggesting limited upside potential [5] Group 2 - The acquisition highlights the value of consumer staples, which are often overlooked but can provide stability in investment portfolios [6] - The food sector, including companies like Kraft Heinz, Hershey, and General Mills, remains a viable investment opportunity amidst the hype surrounding technology stocks [7]

How about some Nutella on your cornflakes. All right, so the Wall Street Journal reports Ferrero, that's the Italian candy company behind Nutella and Ferrerero Rocher, is near a deal to buy WK Kellogg for $3 billion. Now, that could be finalized as soon as this week.WK Kellogg was created when Kellogg spun off its North American cereal business about two years ago. Now, the remaining snack business called Kelanova that struck a deal last year to be sold to Mars for more than $30 billion,. ...

What did you have for lunch today. Food is more than what we eat. It is who we are.Have you ever thought what your food says about you. My own journey into the rich complex world of Mallayic astronomy is like reading a love story. A love story that's lost and I'm rediscovering it.This endeavor triggers interviews with custodians of food knowledge, food wisdom, travels to distant libraries across the globe and reconstructing food scenarios that sometimes requires the whole village. Exactly 200 years ago in 1 ...

Ferrero Agrees to Buy WK Kellogg in $3.1 Billion Deal. Get caught up on the day's gainers and decliners on the latest Stock Movers report https://t.co/0OBOO0wrhN ...

Shares of Frosted Flakes maker WK Kellogg surged nearly 50% in extended trading Wednesday following a report the company could soon be acquired by Italian sweets seller Ferrero. https://t.co/DKyr1Op5LI ...