The Chinese National Bureau of Statistics released its consumer and producer price inflation data for China on Monday. The Chinese consumer price index (CPI) rose at annual rate of 2.3% in March, missing expectations for a 2.5% increase, after a 2.3% gain in February.

Food prices rose at an annual rate of 7.8% in March, while non-food prices increased 1.0%.

On a monthly basis, consumer price inflation decreased 0.4% in March, after a 1.6% rise in February.

The Chinese producer price index (PPI) dropped 4.3% in March, beating expectations for a 4.6% fall, after a 4.9% decline in February.

The oil driller Baker Hughes reported on Friday that the number of active U.S. oil rigs fell by 8 rigs to 354 last week. It was the lowest level since November 2009.

The number of gas rigs increased by 1 to 89.

Combined oil and gas rigs decreased by 7 to 443.

(raw materials / closing price /% change)

Oil 39.66 -0.15%

Gold 1,240.10 -0.30%