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Asia Pacific stocks set to trade higher as investors await China's June inflation data

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Chinese June inflation data is set to be released later on Thursday, with the Consumer Price Index (CPI) and Producer Price Index (PPI) for that month expected to be out at around 9:30 a.m. HK/SIN.

The coronavirus pandemic is also likely to continue weighing on investor sentiment as the number of cases in the U.S. surpassed the 3 million mark, according to Johns Hopkins University.

Shares in Asia Pacific were set to trade higher on Thursday as investors await the release of Chinese inflation data. Futures pointed to a higher open for Japanese stocks. The Nikkei futures contract in Chicago was at 22,560 while its counterpart in Osaka was at 22,490. That compared against theStocks in Australia were also set to see a positive start to their trading day.

 

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