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US: U.S. stocks closed lower on Wednesday, the day after a report showed Americans borrowed more than ever on their credit cards in the last quarter, and a day ahead of U.S. Consumer Price Index (CPI) inflation data that could influence Federal Reserve interest rate decisions

Asia: Asian stocks lost ground on Thursday, still hurting from China's slip into deflation, with investors particularly cautious ahead of a crucial U.S. inflation report that will likely influence the Federal Reserve's monetary policy path.

India: The benchmark indices ended on a positive note. The Sensex was up 146.52 points to end the day at 65,993.02 and the Nifty was up 61.25 points at 19,632.10. Market is expected to open on a negative note and likely to witness profit booking during the day.

Global Economy: Japanese wholesale inflation slowed in July year-on-year, easing for a seventh straight month due to softer energy utility costs, central bank data showed, a sign the pressures that drove up consumer prices are running their course. The 3.6% rise in the corporate goods price index (CGPI), which measures the price companies charge each other for their goods and services, compares with the median market forecast for a 3.5% annual increase and follows a 4.3% annual increase in June.

President Joe Biden on Wednesday signed an executive order that will prohibit some new U.S. investment in China in sensitive technologies like computer chips and require government notification in other tech sectors

Commodities: Gold prices hovered at one-month lows on Thursday, while copper prices steadied after steep losses as markets hunkered down ahead of key U.S. inflation data due later in the day.

Oil prices fell slightly on Thursday, retreating from multi-month highs as traders turned cautious ahead of key U.S. inflation data due later in the day, while concerns over sluggish Chinese demand also remained in play

Currency: The dollar held near the centre of its range this week against a basket of major peers, as investors awaited key U.S. inflation data later Thursday that could influence the path for Federal Reserve policy.

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