Global stock markets experienced a downturn on Wednesday as investors awaited the release of crucial U.S. inflation data, while the dollar saw a slight decline following reports of deflation in the Chinese economy. The anticipation of the upcoming Consumer Price Index (CPI) report for June led to cautious trading on Wall Street, with concerns that the data could reveal a higher inflation rate despite recent dovish statements from Federal Reserve officials.

A senior government source told Reuters that the White House would outline its proposals on Wednesday to forbid some US investments in sensitive technology in China and demand that the government be notified of other transactions.

China’s exports are projected to suffer another blow in July as the nation’s manufacturers grapple with reduced demand from international markets, where inflation and rising interest rates have created challenging conditions.

Asia’s factory activity shrank in July, as shown by private surveys, signaling a slowdown in global growth and the impact of China’s weakening economy on the region’s fragile recovery.

Asian shares attempted to end the month of July on a firm note, with positive gains in various markets. However, rising Japanese bond yields posed a risk to investor sentiment.

Indonesia to Impose a regulation to safeguard the interests of small and medium enterprises by placing restrictions, on online sales of imported goods valued below $100. This measure will be applicable to both marketplaces and retailers operating on social media platforms. As the country’s e-commerce industry flourished, reaching a value of $59 billion in the year authorities are now working collaboratively to enforce these rules and anticipate potential effects, on the sector.

The banking industry in India is grappling with a growing trend of attrition, particularly affecting the sales division. During an earnings call, Yes Bank’s CEO, Prashant Kumar, acknowledged the industry-wide issue and emphasized the bank’s efforts to control attrition, setting a target of limiting overall employee turnover to 25-30%.

The Biden administration is attempting to precisely target U.S. export restrictions to China, according to Gina Raimondo, Secretary of Commerce, but regulations will cost businesses some income.

Asian markets experienced a mostly weaker trading session on Wednesday as investors awaited the U.S. Federal Reserve’s decision on interest rates later in the day and sought clarity on China’s economic stimulus package.

The Australian economy witnessed a slowdown in Australian inflation during the second quarter, largely attributed to decreased costs of domestic holidays and petrol.

In the midst of a severe financial crisis, Argentina is on the verge of finalizing a staff-level agreement with the International Monetary Fund (IMF) over a review of the country’s $44 billion loan with the institution.

As the Chinese economy faces challenges in its post-pandemic recovery, Chinese authorities have taken steps to bolster sales in the automobile and electronics sectors. However, these measures have failed to meet investor expectations, who are calling for more robust stimulus to stimulate growth.