News Snapshot:
Investors await the release of inflation data from the United States inflation today as indicated by Asian indices, which open mixed as traders look for directions. A slew of data from Japan and Europe are also expected today. China released data showing its producers were squeezed by the soaring coal and commodity prices. Top business and economic news today China Consumer Price Index: China stocks fall after consumer price index came in as expected, producer price index exceeded expectations well. China’s factory-gate prices jumped at their fastest pace since 1995, squeezing profit margins for commodity cost ridden producers who are...
