Economists polled by Reuters expect China's inflation rate to hold steady at 0.2%.
June inflation data will be closely watched by investors in the week ahead
Investors are turning their attention to inflation data in the week ahead, following this week's hot jobs data, to further clarify the path of future monetary policy. Market participants are hoping next week's release of the June consumer price index on Wednesday, as well as last month's producer price index on Thursday, will show a downward trajectory in inflation after this week's strong ADP data spurred investor fears of further rate hikes ahead.
"CPI is a big number," said James Ragan, director of wealth management research at D.A. Davidson. "You saw the market reaction, that big decline yesterday and then the market coming back a little bit today, just kind of indicates that there's still a lot of discussion about what the interest rate path is going to be, and what the Fed might do. And so, I think the CPI kind of feeds into that.
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