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GLOBAL MARKETS-Asia shares track Wall Street rally with inflation data, Fed in focus

By Julie Zhu HONG KONG, June 13 (Reuters) - Asian shares edged up in early trade on Tuesday, following an upbeat session on Wall Street while investors turned their attention to key U.S. inflation data and the Federal Reserve's interest rate decision this week. Investors will be closely monitoring U.S. Consumer Price Index (CPI) data, due to be released on Tuesday, and Producer Price Index (PPI)
Christopher Cushing Julie Zhu European Central Bank Monetary Policy Committee Federal Reserve Wall Street
Source: msn.com

Marketmind: China steals the show before US inflation

The People's Bank of China (PBOC) managed to liven up the wait for Tuesday's highly anticipated U.S. consumer price inflation (CPI) data by lowering a short-term lending rate for the first time in 10 months. Several analysts had been expecting a cut to the one-year medium-term lending facility rate on Thursday, when the PBOC is widely expected to roll over maturing loans. Tuesday's 10 basis-point reduction to the seven-day reverse repo rate, however, promptly removed any lingeri...
United Kingdom Andrea Enria Catherine Mann Christopher Cushing Sonali Desai Andrew Bailey
Source: yahoo.com

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