European stocks and U.S. equity futures in holding pattern, as investors wait for ECB and U.S. inflation

European stocks and U.S. equity futures traded flat on Wednesday, a day ahead of key consumer prices Stateside, while a sharp rise in Chinese factory prices sent shares of miners lower. Airlines were among the gainers, after easing travel rules from the U.S.

U.S. stock futures ES00, +0.02% YM00, -0.06% NQ00, +0.08% pointed to a flat start for Wall Street. On Tuesday, the S&P 500 index SPX, +0.02% and Nasdaq Composite COMP, +0.31% closed slightly higher, as markets adopted a wait-and-see mode ahead of Thursday’s crucial consumer-price data for May. While inflation is rising at a far less heated pace in the eurozone, markets will be closely watching Thursday’s European Central Bank monetary policy decision, particularly to see if the central bank will keep its current pace of bond purchases intact.

Mining stocks responded to the Chinese data with losses, with shares of heavily weighted Rio Tinto RIO, -1.61% RIO, +0.56%, Anglo American AAL, -2.14% and Glencore GLEN, -1.36% all down by more than 1%.

gamblers not investors

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Tech buoys broader stock market early Tuesday but the Dow weighed by slump in GoldmanU.S. stock benchmarks early Tuesday were trading mixed to mostly higher, with investors in a waiting pattern ahead of another round of inflation data on...
Source: MarketWatch - 🏆 3. / 97 Read more »

European stocks head for mixed open as global markets gear up for U.S. inflation dataEuropean stocks are expected to open in mixed territory on Wednesday as investors prepare for the next reading of U.S. inflation due tomorrow.
Source: CNBC - 🏆 12. / 72 Read more »

Stitch Fix, Coupa Software, Clover Health, Tesla: What to Watch When the Stock Market Opens TodayClover Health Investments shares soared premarket after emerging as the latest target for retail traders on Reddit forums The desire for COVID19 to be natural is so powerful, that even if one could decipher a hidden code in the sequence that read 'THEUSMEDIAISAJOKE' it would not make a difference to many of Dems. To the liberal orthodoxy, any opinion unblessed by their leaders is a Big Lie.
Source: WSJ - 🏆 98. / 63 Read more »