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Global stocks mixed ahead of US inflation update

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Global stock markets are mixed ahead of a U.S. inflation update that traders worry might lead to more interest rate hikes.

after estimates of 2022 inflation were revised up last week would reinforce plans to keep rates high and possibly increase them.

In early trading, the FTSE 100 in London rose 0.3% to 7,903.02. The DAX in Frankfurt sank 1.4% to 15,307.98 and the CAC 40 in Paris shed 0.8% to 7,129.73. On Friday, the S&P 500 index rose 0.2%. The index turned in a weekly loss of 1.1%, its biggest since December.In Asia, the Nikkei 225 in Tokyo sank 0.9% to 27,427.32 while the Shanghai Composite Index advanced 0.6% to 3,279.94. The Hang Seng in Hong Kong lost 0.4% to 21,099.65.India's Sensex opened down 0.5% to 60,386.40. New Zealand and Singapore retreated while Jakarta and Bangkok gained.

The yield on the two-year Treasury ticked up to 4.50% from 4.48%. It was at 4.08% just over a week earlier and is near its highest level since November.

 

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Global stocks mixed ahead of US inflation updateGlobal stock markets were mixed Monday ahead of a U.S. inflation update traders worry might lead to more interest rate hikes.
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