Blog For Education

Most Asia-Pacific markets rebound after sell-off as investors assess Tokyo CPI, await U.S. inflation data

Lim Hui Jie

Key Points

• Tokyo’s headline inflation slowed slightly to 2.2% in July from 2.3% in May, while its core inflation rate — which strips out prices of fresh food — remained unchanged at 2.2%, in line with expectations.
• The U.S. personal core expenditure index reading for June, the Federal Reserve’s preferred inflation gauge, will be released late Friday.

Europe stocks sharply lower as earnings season ramps up; Unilever up 5%

Jenni Reid

LONDON — European markets retreated Thursday, with a flurry of corporate earnings and a selloff on Wall Street in focus.

Gold rises on softer dollar, traders eye more U.S. data

Gold prices rose on Wednesday as the dollar slipped with investors’ focus shifting to U.S. economic data due this week for fresh signals on the timing of the central bank’s interest rate cuts.