US Inflation Data Takes Center Stage in Global Markets Today

Today's trading session in financial markets will be dominated by key consumer inflation releases. The main focus for global investors is the US CPI reading for July, which will have a direct impact on expectations for the Federal Reserve's interest-rate path at upcoming meetings.

The data release will also provide insight into price pressures in the eurozone's largest economy through Germany's final inflation figures. Earlier in the day, markets will assess these numbers to gauge any potential effect on the region's economic growth.

Any surprises in the US inflation data will affect expectations for the Fed's interest-rate path and have a direct impact on investors' risk appetite and equity valuations.