Here's your summary from Bloomberg Markets: Asia 06/12/2024 (https://www.youtube.com/watch?v=B7UVq-iXEao) on the Bloomberg Television channel:
**TLDR:** Asian stocks shrug off positive cues from Wall Street as U.S. inflation data and Fed decision keep traders on edge.
1. Chinese consumer prices rose in May, holding above zero for a fourth month, while factory gate prices remained stuck in deflation.
2. U.S. inflation numbers are anticipated to impact rate cut expectations, especially after a strong jobs report.
3. India's upcoming budget is expected to maintain fiscal consolidation, with a focus on supporting the economy amidst weak industrial production and consumption-related concerns.
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