Investors will be crossing their fingers for a calmer inflation print from the United States, possibly allowing the Federal Reserve to go slower with its inte.
The rapid rise in pork prices is developing as the main threat to currently subdued inflation in China, according to analysts at Bank of America Merrill Lynch.
Brent oil slips on mix cues of recovery in US and doubts over Chinese economy, trading in tight range above USD 104 a barrel.
A selloff in the yen paused on Tuesday as it neared 100 to the dollar, while a firm start to the US corporate earnings season and a fall in Chinese inflation lifted share markets.
The euro on Friday rose against the dollar to its highest since April in the wake of encouraging remarks from the head of the European Central Bank, while an improving economic outlook held world stock prices near a 20-month high.
Aadil Ebrahim, Investment Manager, Bowen Capital Management joins CNBC-TV18 to give his outlook of the market. He also advises traders and investors on what their possible strategy could be in the volatile situation.
Wall Street stocks sank on Monday as fears about Europe's debt crisis and the global economy sent a shudder through markets and overshadowed the start of the US earnings season.
Oil was down in Asian trade today following a slump in US job creation as well as soaring Chinese inflation rates, analysts said.
Goldman Sachs has cut its 2011 GDP growth forecast for China. The bank downgraded its view to 9.4% from the earlier 10% for this year. Todd Lee, Chief Economist–China at IHS spoke to CNBC-TV18's Menaka Doshi on what he makes of Goldman Sachs' downward revision and what it means for the rest of the globe if China is slowing down as anticipated.
Shares in Asia's developed stock markets dipped and the dollar struggled at 16-month lows on Friday as disappointing US data and a likely pickup in Chinese inflation gave market players an excuse to take profits after a recent sharp rally.
Gold rose to a near four-week high on Tuesday and was on track for its biggest one-day climb in a week as the dollar extended losses after soft US retail sales numbers and the market digested Chinese inflation data.
Chinese inflation was lower than expected at 4.9% in the year to January, but price pressures continued to build and will force the central bank to stick to its course of monetary tightening.
China finished 2010 with a bang, its growth soaring past expectations while inflation slowed less than expected, numbers that could prod the government to ratchet up its easy-does-it approach to policy tightening.
US Treasury Secretary Timothy Geithner said on Friday there has been a 'substantial' inflation-induced appreciation in China's yuan currency that Beijing would do well to recognize and counter.