The top headlines this hour, with CNBC's Adam Bakhtiar.

The U.S. economic slowdown will certainly spread to Asian economies, but the slowdown here in Asia is likely to be relatively gradual, according to Peter Redward, head of rates research for emerging Asia at Barclays Capital. He explains to CNBC's Maura Fogarty and gives his interest rate outlook for Asia.

The margins of Chinese companies will be further squeezed this year due to inflation, says Dorris Chen, director at BNP Paribas Equity, after China's April CPI data was released. She shares her market outlook, with guest host, Peter Redward from Barclays Capital & CNBC's Maura Fogarty.

China's April CPI rose 8.5% on year. Peter Redward, head of rates research for emerging Asia at Barclays Capital deciphers the data and what the PBoC might do to ease inflationary concerns, with CNBC's Maura Fogarty.