Investors were assessing consumer inflation data from India as well as Japan’s corporate inflation numbers.
Investors in Asia assessed India's inflation numbers. Data released Monday showed consumer price index climbed 4.83% year on year, nearly in line with the 4.8% expected by economists polled by Reuters.Data from the Bank of Japan
Japan's corporate goods price index , or producer prices, rose 0.9% year over year last month, teh same as in March. The reading was slightly higher than Reuters poll forecast of a 0.8% increase.India's consumer price index grew 4.83% year on year in April, down marginally from the 4.85% recorded in March and slowing for a fourth straight month.
There's been so much love for one global chip stock that as many as 14 analysts upgraded it in the past two weeks. "The dip in risk assets is increasingly in the rear-view mirror as many major equity indices re-approach their year-to-date highs," strategist Duncan Toms wrote in a Monday note."These broad-based gains once again resemble a Goldilocks-style rally."
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