Asia-Pacific markets mixed as China's May inflation misses expectations

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Asia-Pacific markets mixed as China's May inflation misses expectations
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China’s May inflation rate is expected to inch up to 0.4%, compared to April’s growth rate of 0.3%.

Japan's corporate goods inflation rate accelerated to 2.4% in May, beating expectations and marking its fastest rate of increase since August.China's May inflation rate came in at 0.3%, missing expectations of 0.4% by economists polled by Reuters. The figure was unchanged from April.Traders in Asia will also look toward the U.S. Federal Reserve's decision on Wednesday stateside, which will come hours after the country's May inflation report.

Separately, India's inflation rate is also forecast to climb marginally to 4.89%, according to a Reuters poll of economists, slightly higher than April's 4.83% increase.Jim Cramer says Eli Lilly isn't a ‘one trick pony' after FDA advisers endorse its Alzheimer's drug Japan's corporate goods inflation rate accelerated to 2.4% in May, beating expectations and marking its fastest rate of increase since August.

Feeling out of the loop? We'll catch you up on the Chicago news you need to know. Sign up for the weekly The broad market index gained 0.27%, closing at 5,375.32, while the Nasdaq Composite added 0.88% to end at 17,343.55. On the other hand, the

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