Asian benchmarks mostly fell Thursday after shares declined on Wall Street and investors braced for a highly anticipated United States inflation report.
Later in the day, the U.S. government will give its monthly update on the inflation that consumers are experiencing. Economists expect to see an acceleration to 3.3% in July from 3% in June. Tina Teng, markets analyst at CMC Markets, called the looming update “a pivotal event for global markets.”
