The U.S. consumer price index surged 8.3% in April as compared with a year ago, near the highest level in more than 40 years.
The U.S. consumer price index surged 8.3% in April as compared with a year ago, official data showed Wednesday, near the highest level in more than 40 years.
Shares on Wall Street declined on the back of the U.S. inflation report, with the tech-heavy Nasdaq Composite falling more than 3%. SINGAPORE — Shares in Asia-Pacific looked set for a lower start on Thursday following overnight losses on Wall Street — after data showed the consumer price index stateside in April remaining near the highest level in more than 40 yearsFutures pointed to a lower open for Japanese stocks. The Nikkei futures contract in Chicago was at 25,890 while its counterpart in Osaka was at 25,900. That compared against theAustralian stocks also appeared poised for a lower start, with the SPI futures contract at 7,010, against the
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