A fresh dose of geopolitical tensions between U.S. and China has so far had limited immediate market reaction but time will tell how far-reaching the executive order signed by President Joe Biden will be.
The order, which targets private equity, venture capital, joint ventures and greenfield investments, will prohibit some new U.S. investment in China in sensitive technologies like computer chips and require government notification in other tech sectors.
"The main event of the day, however, will be the U.S. inflation data.
U.S. CPI is forecast to show headline inflation picking up slightly in July to an annual 3.3%, while the core rate, which excludes the volatile food and energy segments, is forecast to rise by 0.2% in July, for an annual gain of 4.8%."
