www.oann.com World markets this week will be dominated by U.S. inflation figures on Tuesday, leaving Monday free for investors in Asia to digest the previous session’s action on Wall Street and adjust positioning ahead of the numbers.
Indian consumer price inflation for January tops Monday’s Asian economic calendar. Economists see a rise in the annual rate to 5.9% – the first rise since September, justifying the central bank’s hawkish messaging when it raised rates last week.
Other regional highlights this week include Japanese Q4 and full-year GDP on Tuesday, rate decisions from Indonesia and The Philippines on Thursday, while China’s Lenovo reports Q3 earnings on Thursday.
Overshadowing all that is the January U.S. inflation report. Economists expect monthly rates to tick up, but the annual measures to decline.
Revised figures on Friday showed that inflation in December was a little stronger than originally reported, and a closely-watched consumer inflation expectations survey showed a notable spike in the short-term outlook.
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