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Japan's June inflation data hopped onto a widening trend for price pressures to start showing signs of peaking, although that provided limited cheer to investors in Asia - as did China's latest measures to stimulate consumption. While Japan's core consumer price index (CPI) picked up a touch as expected, an underlying measure that's closely watched by the Bank of Japan (BOJ) slowed for the first time since January 2022, matching trends seen in UK inflation this week and in the U.S. last week. With a Reuters poll pointing to a sharp slowing in Tokyo's core CPI for July next week, Bank of Japan Governor Kazuo Ueda is likely to remain confident about sticking to Japan's ultra-easy policy settings next Friday, keeping the yen on the back foot. ....
Morning Bid: Markets shrug off upbeat news from Japan and China reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
0903 GMT - The FTSE 100 edges up 0.15% to 7656.92 after mixed U.K. economic data. June retail sales rose 0.7% month on month, much better than the. ....