Consumer inflation in the United States edged down for a second straight month in November, government data showed Tuesday, in encouraging news for policymakers seeking to get prices under control. The consumer price index (CPI), a closely eyed gauge of inflation, rose 3.1 percent from a year ago, said the Department of Labor, down from a 3.2 percent rate in October.
China's towering annual trade surplus surpassed $1 trillion for the first time last month, data showed Monday, as a sharp drop in shipments to the United States was offset by surging exports to other major markets.
Asian equities drifted Monday as investors gear up for an expected US interest rate cut this week, with debate centring on the likelihood the Federal Reserve will continue easing monetary policy further into the new year. The data did little to move the needle on rate expectations but showed that it remains stubbornly above officials' target.
US President Donald Trump commented Sunday on Netflix's effort to acquire storied Hollywood studio Warner Bros., saying the streaming giant already has "a very large market share" and "it could be a problem."
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