Market Volatility Increases Ahead Of US Inflation Data

U.S. stocks closed higher on Monday, ahead of the much-awaited inflation data for August. Markets are expecting data to show easing in US inflation. Analysts expect annual inflation falling to an 8.1% rate in August, compared to 8.5% in July. Core CPI, however, might show an increase of 6.1% compared to 5.9% in July.