Asian shares slip ahead of US inflation data
Most Asian share indices fall after two days of gains as US President Donald Trump talks down Fed rates and dollar
12 June 2019 - 10:47
Sydney — Asian share markets took a step back on Wednesday as the White House took a tough line on trade talks with China, while a looming reading on US inflation could shuffle the odds for an early cut in interest rates there.
Data on Chinese inflation showed the annual pace picked up to a 15-month high of 2.7%, but mainly because of surging pork prices. Excluding food, inflation rose only 1.6% and suggested there was plenty of scope for more stimulus...
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