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International Finance: European stocks rise as US futures signal caution: markets wrap

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A gauge of global equities faltered after its best start to a year in a generation as investors assessed whether the rally had gone too far given the outlook for inflation, growth and earnings. European stocks rose.

The MSCI ACWI Index slipped for the first time in seven days after posting the biggest advance for the first two weeks in data going back to 1988. Futures on the S&P 500 and Nasdaq 100 indexes fell at least 0.1% each. The dollar snapped a three-day losing streak. US spot markets were closed for a holiday. Bond yields across Europe climbed.

Earnings will be a key catalyst this week as traders assess whether companies were able to navigate headwinds including higher interest rates. The busy period will also be punctuated by corporate earnings, including Wall Street heavyweights Goldman Sachs Group and Morgan Stanley.

 

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