Stocks in Consolidation after Strong Rally. US CPI in Focus

Stock market was in consolidative mode following the strong rally as a result of the strong US nonfarm payrolls data. Shares in Asia were modestly lower, carrying forward the sentiment in the Wall Street with the DJIA and S&P 500 indices +0.62% and -0.13% lower, respectively. US dollar weakened against the major currencies.

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Stocks in Consolidation after Strong Rally. US CPI in Focus