The U.S. consumer price index is expected to come in at 3.3% for July, slightly higher than the 3% for June
The Sydney Opera House, foreground, and buildings in the financial district stand illuminated at dusk in Sydney, Australia Photographer: Cole Bennetts/Bloomberg via Getty ImagesAsia-Pacific markets are set to fall as investors brace for July consumer price index data out from the U.S. on Thursday.
Expectations from economists polled by Reuters are the inflation rate will come in at 3.3%, slightly higher from the 3% seen in June.is set for a weaker open, with the futures contract in Chicago at 32,170 and its counterpart in Osaka at the same level against the index's last close of 32,204.33. Japan will release its wholesale inflation readings — which measures the price companies charge each other for goods and services — later today.
Overnight in the U.S., all three major indexes lost ground, with the tech-heavy Nasdaq leading losses and shedding 1.17%. The
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