Beyond China, investors’ main focus was on U.S. inflation data due out at 1330 GMT on Tuesday, with core CPI inflation expected to slow from 6.3 percent to 6.1 percent and headline inflation dropping to 7.3 percent.
Later this week, the Fed, European Central Bank and the Bank of England are all expected to raise rates by 50 basis points , rather than the aggressive 75 bps hikes they went with earlier in the year. The dollar index, which measures the greenback’s value against six major currencies, was flat at 105.01.
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