In Australia, the economy has been undermined by the spread of the Delta variant, which triggered a lockdown in the capital of Canberra on Thursday, the first in more than a year
They added that the yuan's outperformance would fade going into year-end in the wake of the policy divergence, slowing exports and its strength against its currency basket
Energy prices have also rebounded after sinking in the midst of the pandemic shutdowns, with gasoline surging 45.1 percent over the past year, unadjusted, and 2.5 percent in the month, the report said.
US stocks pushed higher despite the prospect of a stimulus slowdown and a quicker rise in interest rates, as other data showed that first-time claims for jobless benefits continued to fall last week.
"The tight trading ranges seen so far this month reflect the cautious mood in the market ahead of the inflation numbers," said Fiona Cincotta of City Index.