Traders will focus ‌on the U.S. consumer prices data for signals on the timing of any Federal Reserve rate hike. Consumer prices are expected to increase by 0.1% in July after falling 0.4% in June, according to a Reuters poll. In Asia, stocks rose 0.9%, led by a 3.7% gain in South Korea's Kospi and an almost ⁠1% rise in Japan and Taiwan stocks as chipmakers rose sharply. TALKS TO END IRAN WAR CONTINUEMarkets were still following talks to end ​the ​war and reopen the Strait of Hormuz to shipping traffic. We think that puts a floor on the oil price and maintains an energy-driven inflationary driver in markets in the near- to ‌medium-term."