The U.S. consumer price index data for October is due at 1330 GMT, with economists polled by Reuters forecasting a decline in both monthly and yearly core numbers to 0.5% and 6.5%, respectively.
"Markets have been rising, gearing up for a less aggressive rate hike from the Fed. But with a fractured U.S midterm election verdict and the inflation data due, we are seeing some corrections with markets getting ready for some surprises, " said Anand James, Chief Market Strategist at Geojit Financial Services.
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