Global, US stocks fall; oil, gold rise over 1% on geopolitical risk

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NEW YORK/LONDON - Global shares turned lower on Monday as traders focused on U.S. inflation data and chip stocks fell, while Beijing's promise of stimulus and the sudden collapse of the Syrian government boosted oil and gold prices more than 1%.U.S. inflation data this week could cement a December interest rate cut by the Federal Reserve at its meeting next week.

17-18 meeting, up from 68% ahead of the jobs figures, and markets have a further three cuts priced in for next year.The next test is Wednesday's U.S. inflation report.The dollar index, which measures the greenback against a basket of currencies including the yen and the euro, rose 0.2% to 106.16, with the euro down 0.15% at $1.0552.U.S. Treasury yields rose as traders waited to see whether stubbornly high price pressures could derail expectations for a Fed rate cut next week.

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