Global equity funds attracted net inflows for the first time in four weeks in the week through June 11, driven by a benign U.S. inflation report and developments on a U.S.-China trade deal, though simmering Middle East tension tempered investor interest.

M/M vs. +0.2% consensus and +0.2% in April, according to data released by the Bureau of Labor Statistics on Wednesday.

The Bureau of Labor Statistics reported Wednesday that U.S. inflation measured by the Consumer Price Index increased by a lower than expected 0.1% in May.

UK households had been expecting inflation to slow over the coming year, according to a Bank of England survey that was conducted before the sudden jump in consumer prices reported last month.

May's CPI inflation data was uneventful. Check out if underlying trends could signal a shift toward higher inflation or not.

Beyond the ongoing quarter, the RBI expects inflation to rise to 3.4 per cent in July-September, 3.9 per cent in October-December, and end the fiscal at 4.4 per cent. However, according to HSBC, inflation is likely to average around 2.5 per cent for the next six months.

Notably, the CPI for durable goods, most of which are imported or manufactured with imported content, decreased by a seasonally adjusted 0.1% month-to-month (-1.3% annualized), indicating that President Donald Trump's tariffs have not yet been fully passed through to the final consumer.

CPI inflation slows with a 0.1% rise in May, boosting stocks and treasuries. Click here to learn how tariffs and future CPI trends could affect markets.