Inflation Data Fuels Market Expectations of More Fed Rate Hikes as Asian Shares Slide

U.S. consumer price data stoked expectations that the Fed may continue monetary tightening, with markets pricing in 40% chance of a rate hike in December.

Inflation data from Spain, France and Sweden due today after sticky U.S. inflation highlighted persistent price pressures.

Asian shares slid 1% on renewed rate jitters, with the dollar extending gains against major currencies.

China's economic data showed consumer prices unchanged in September, missing forecasts, while export/import declines moderated.

JPMorgan Chase earnings today will set tone for U.S. banks' earnings season amid economic uncertainty.