Global shares trade mixed as market focus turns from Nvidia to US economy

France's CAC 40 edged up 0.4% in early trading to 7,607.05. Germany's DAX was little changed, inching up less than 0.1% to 18,798.50. Britain's FTSE 100 rose 0.2% to 8,361.47. U.S. shares were set to drift mostly higher with Dow futures up 0.4% at 41,345.00. S&P 500 futures stood virtually unchanged at 5,608.50.

Japan’s benchmark Nikkei 225 slipped less than 0.1% to 38,362.53. Australia’s S&P/ASX 200 declined 0.3% to 8,045.10. South Korea’s Kospi dipped 1.0% to 2,662.28. Hong Kong’s Hang Seng added 0.5% to 17,786.32, while the Shanghai Composite dropped 0.5% to 2,823.11.Beijing and Washington will plan for a phone call in the coming weeks between Chinese President Xi Jinping and U.S. President Joe Biden.

Economists expect the PCE, which is the Federal Reserve’s preferred measure of inflation, to show that inflation edged up to 2.6% in July from 2.5% in June. It was as high as 7.1% in the middle of 2022. The rate of inflation has been easing steadily back toward the central bank’s target of 2% since then, following the Fed’s aggressive interest rate hikes.Wall Street and the Fed are trying to gauge the resiliency of U.S. consumers amid the squeeze from inflation and high borrowing rates.

Lockheed-backed Electra.aero has appointed former Boeing executive Marc Allen as chief executive as it seeks to deliver on plans to develop hybrid-electric planes capable of operating from soccer-field-length runways. You can fly goods between warehouses without ever trucking the goods to the airport.Telegram repeatedly refuses to join child protection schemes

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