China’s May inflation rate is expected to inch up to 0.4%, compared to April’s growth rate of 0.3%.
China's May inflation rate is expected to increase to 0.4%, slightly higher than the 0.3% seen in April.
Headline inflation data is also expected from India, while corporate inflation numbers for May will be out in Japan.Traders in Asia will also look toward the U.S. Federal Reserve's decision on Wednesday stateside, which will come hours after the country's May inflation report. China's May inflation rate is expected to increase by 0.4%, slightly higher than the 0.3% seen in April.Separately, India's inflation rate is also forecast to climb marginally to 4.89%, according to a Reuters poll of economists, slightly higher than April's 4.83% increase.Japan is expected to see its corporate goods inflation index climb 2%, its fastest pace of increase since September 2023.
The broad market index gained 0.27%, closing at 5,375.32, while the Nasdaq Composite added 0.88% to end at 17,343.55. On the other hand, the
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