People stand in front of an electronic stock board showing Japan's Nikkei 225 index at a securities firm Monday, Aug. 21, 2023, in Tokyo. Asian stocks were mixed Monday as traders looked ahead to the Federal Reserves summer conference for signs of whether the U.S. central bank thinks inflation is under control or more interest rate hikes are needed to cool inflation.
In early trading, the FTSE 100 in London rose 0.3% to 7,281.64. The CAC 40 in Paris gained 1% to 7,237.32 and the DAX in Frankfurt advanced 0.6% to 15,672.15. The S&P 500 soared in the first seven months of 2023 but has given back more than one-quarter of that gain after critics warned the market embraced the notion too early that inflation was under control and rate hikes were finished.
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