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Global stocks little changed amid mixed inflation signs

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Central banks in the US and Europe face weighing the need for higher rates with fading growth forecasts

London — Global shares were little changed on Wednesday, pausing after a six-day slump amid a mixed inflation picture, while supply concerns amid Russia’s ongoing invasion of Ukraine helped push oil prices higher.

At 10.39am GMT, the MSCI World Index was flat at 689.80 points as most leading European indices were lower, with the Stoxx Europe 600 down 0.4%. However, the UK’s FTSE 100 recovered early falls to trade unchanged. Overnight in Asia, much weaker-than-expected import data from China weighed on the outlook, but added to views that Beijing could ease policy further, helping MSCI’s broadest index of Asia-Pacific shares outside Japan climb 0.6%.

The yield on 10-year Treasury notes rebounded on Wednesday and was last at 2.7519%, compared with a more than three-year peak of 2.836% before the inflation data. The two-year yield was 2.4261%.

 

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