Markets are back to inflation watching. Just as global economic growth worries ease and labour markets remain tight, price trends have become the main focus for investors.
Over in Europe, preliminary February inflation data is due from Germany, France, Spain and Portugal on Monday and Tuesday, followed by the euro bloc flash number on Thursday. Traders are now pricing in another 75 basis points of moves in the 20-nation euro zone before the end of the summer. On Monday, the downbeat sentiment took a toll on Asian markets. with a benchmark index falling 1 per cent to the lowest levels since early January. The dollar hovered near a seven-week highs whle U.S. Treasury yields edged up.
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