China’s consumer price index is expected to climb 0.4% in June, compared with 0.3% in May.
Traders in Asia assessed wholesale inflation numbers from Japan, with focus also on inflation data out of China.
Federal Reserve Chair Jerome Powell on Tuesday expressed concern that holding interest rates too high for too long could jeopardize economic growth. Asia-Pacific markets started Wednesday lower, even as key Wall Street benchmarks rose following dovish comments from U.S. Federal Reserve Chairman Jerome Powell overnight.Powell signaled caution over leaving interest rates at too high a level, saying that"reducing policy restraint too late or too little could unduly weaken economic activity and employment."
Over in Asia, investors will assess inflation data from China and Japan, with China releasing its consumer and producer prices data for June.Inflation in China is expected to accelerate slightly to 0.4%, up from 0.3% in May, while its PPI is forecast to post a softer fall of 0.8% from May's 1.4% decline., in line with expectations and climbing at a faster pace compared to a revised 2.6% in May. The CGPI measures the price changes of goods traded within the corporate sector.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Asia-Pacific markets slip after Powell's dovish tone; Japan and China inflation in focusChina’s consumer price index is expected to climb 0.4% in June, compared with 0.3% in May.
Read more »
Asia-Pacific markets rise as investors assess Japan economic data and await U.S. inflation readingInvestors will be keeping an eye on the yen, as well as key inflation and factory data out of Japan.
Read more »
Asia-Pacific markets fall after Japan's yen weakens to a near 38-year lowThe Japanese yen weakened to a near 38-year low late Wednesday, dropping to 160.82 against the U.S. dollar, according to FactSet data.
Read more »
Asia-Pacific markets slip as investors await Australia and Japan inflation data later this weekInvestors in Asia will assess Australia's CPI data on Wednesday after RBA considered hiking rates at its last meeting.
Read more »
Asia-Pacific markets slip; Australia and Japan inflation readings expected this weekInvestors in Asia will look toward Australia’s CPI data on Wednesday, after the RBA considered hiking rates at its last meeting.
Read more »
Asia-Pacific markets set for lower open; Australia and Japan inflation readings expected this weekInvestors in Asia will look toward Australia’s CPI data on Wednesday, after the RBA considered hiking rates at its last meeting.
Read more »