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News Live: Dollar Weakens Against Asian Currencies After US Data Shows Slowing Inflation


Chinese inflation: April’s consumer price index and producer price index rate are expected to be released. Analysts polled by Reuters expect CPI inflation to fall to 0.4%, down from 0.7% a month earlier, and the weakest in more than two years. PPI is expected to deflate 3.2% year-on-year, the heaviest drop in nearly three years.

G7 meeting: Finance ministers and central bank governors will meet in Niigata, Japan.

Earnings: E-commerce group JD.com, automakers Nissan and Honda, and electrical components maker Foxconn are among the Asia-Pacific companies reporting the findings.

Markets: Japanese futures fell on Thursday morning, while Hong Kong contracts rallied. Wall Street stocks rose Wednesday after inflation data in the US came in weaker than expected, boosting belief that the Federal Reserve will halt its rate hikes. The Nasdaq Composite gained 1% to close at its highest level since June, while the S&P 500 gained 0.4%.


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