U.S. inflation eases to its lowest level in two years, giving a boost to the Federal Reserve's war against price pressures. The Yuan slides after Chinese inflation also weakens to a two-year low of just 0.1%, with factory deflation deepening. We have the latest from Threadneedle Street, as the Bank of England looks set to hike rates for a twelfth straight meeting. Disney shares fall almost five percent in extended trade as the House of Mouse sees a decline in streaming subscriptions. The debt ceiling deadlock looms large as G-7 finance ministers meet in Japan.

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