Marketmind: Markets shrug off upbeat news from Japan and China
Japan's June inflation data hopped onto a widening trend for price pressures to start showing signs of peaking, although that provided limited cheer to investors in Asia - as did China's latest measures to stimulate consumption. While Japan's core consumer price index (CPI) picked up a touch as expected, an underlying measure that's closely watched by the Bank of Japan (BOJ) slowed for the first time since January 2022, matching trends seen in UK inflation this week and in the U.S. last week. With a Reuters poll pointing to a sharp slowing in Tokyo's core CPI for Jul...
Source: yahoo.com
