Asia-Pacific markets mixed as China's May inflation rises for the 4th straight month

Japan's corporate goods inflation rate accelerated to 2.4% in May, beating expectations and marking its fastest rate of increase since August.China's May inflation rate came in at 0.3%, missing expectations of 0.4% by economists polled by Reuters. The figure was unchanged from April.Traders in Asia will also look toward the U.S. Federal Reserve's decision on Wednesday stateside, which will come hours after the country's May inflation report.

Separately, India's inflation rate is also forecast to climb marginally to 4.89%, according to a Reuters poll of economists, slightly higher than April's 4.83% increase.Jim Cramer says Eli Lilly isn't a ‘one trick pony' after FDA advisers endorse its Alzheimer's drug Japan's corporate goods inflation rate accelerated to 2.4% in May, beating expectations and marking its fastest rate of increase since August.

The broad market index gained 0.27%, closing at 5,375.32, while the Nasdaq Composite added 0.88% to end at 17,343.55. On the other hand, the

Finance Finance Latest News, Finance Finance Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Asia-Pacific markets mixed as China's May inflation misses expectationsChina’s May inflation rate is expected to inch up to 0.4%, compared to April’s growth rate of 0.3%.
Source: nbcchicago - 🏆 545. / 51 Read more »

Asia-Pacific markets mixed as investors await key economic data from ChinaInvestors will assess a slew of data from China, including its urban unemployment rate, retail sales, and industrial production
Source: NBCDFW - 🏆 288. / 63 Read more »

Asia-Pacific markets mixed as investors assess key economic data from ChinaInvestors assessed a slew of data from China, including its urban unemployment rate, retail sales, and industrial production.
Source: NBCDFW - 🏆 288. / 63 Read more »

Asia-Pacific markets mixed as traders await China and India inflation dataChina’s May inflation rate is expected to inch up to 0.4%, compared to April’s growth rate of 0.3%.
Source: NBCLA - 🏆 319. / 59 Read more »

Asia-Pacific markets are mostly lower as investors await key economic data from ChinaInvestors will assess a slew of data from China, including its urban unemployment rate, retail sales, and industrial production
Source: NBCPhiladelphia - 🏆 569. / 51 Read more »

Asia-Pacific markets mostly fall as investors assess key economic data from ChinaInvestors assessed a slew of data from China, including its urban unemployment rate, retail sales, and industrial production.
Source: NBCNewYork - 🏆 270. / 63 Read more »