India's CPI Inflation Rate Expected to Decrease in July

Asia-Pacific markets experienced a positive opening on Monday, rebounding from a tumultuous week characterized by significant sell-offs followed by a notable recovery, particularly in Japanese stocks. This comes as futures for major U.S. indexes indicated a downward trend, as investors braced for crucial inflation data set to be released later this week. On Wall Street, major averages saw a recovery on Friday, with the Dow Jones Industrial Average closing down 0.6%, the S&P 500 dipping slightly by 0.04%, and the Nasdaq Composite experiencing a marginal loss of 0.18%. This recovery followed a week of volatility that had rattled investors, highlighting the ongoing uncertainty in the markets. As traders in Asia turn their attention to economic indicators, they will be closely monitoring inflation and industrial output data from India. Economists surveyed by Reuters predict a significant decline in India's year-on-year Consumer Price Index (CPI) inflation, forecasting a drop to 3.65% in July from 5.08% in June. Additionally, India's industrial output for June is anticipated to show a slight decrease, with expectations set at 5.5%, down from 5.9% in May. The upcoming data releases are expected to influence market sentiment as investors seek clarity on economic trends in the region, particularly in light of the recent fluctuations in global markets.