China Stocks Eye Gains; Traders Await CPI Reports: Markets Wrap

-- China-related equities were poised for further gains on Tuesday, while other Asian stocks look muted ahead of a swath of global inflation prints expected to influence monetary policy.Xi’s China EV Dream Came True. 10 Years On, Walls Are Going Up

Traders will this week be studying fresh inflation data from Australia to Japan, the euro region and the US. Bank of Japan Governor Kazuo Ueda and his deputy indicated there is scope for gradually raising interest rates now that the nation has shifted away from an inflation norm of 0%. While an ECB rate cut in June has been widely telegraphed, subsequent steps are less clear given uncertainty over wage growth and factors like the fighting in the Middle East. Data this week may show headline inflation in the euro region ticked up in May.Trading of cash Treasuries was closed. The “T+1” rule that has the potential to cause trouble for overseas investors will come into effect when traders return from the long weekend — making US equities settle in one day rather than two.

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