Premarket: Global stocks little changed ahead of U.S. inflation data

World shares marked time on Tuesday and were still just shy of record highs ahead of highly anticipated U.S. inflation data, while Japanese bonds were squeezed as the central bank pulled back a little on its bond buying program.

A broadly positive first quarter-earnings season has helped stock markets in recent weeks, but investors this week have been cautious ahead of important U.S. inflation data. Expectations are for core CPI to slow from an annual 3.8 per cent in March to 3.6 per cent for April. Investors will be watching to see whether some upside surprises in the first quarter were a blip or a worrying trend that could force the Federal Reserve to keep rates elevated throughout this year.

A survey released on Monday by the New York Fed showed Americans see inflation a year from now at 3.3 per cent, higher than they did a month earlier. In company news, Delivery Hero soared 20 per cent, on track for its biggest one-day gain since December 2019, after Uber announced a US$1.25-billion deal to take over its foodpanda food delivery business in Taiwan and buy new shares in the German firm.

In China, Hong Kong’s Hang Seng index is up 30 per cent from January’s lows and has surged nearly 20 per cent in a month as money has flowed in steadily from mainland buyers.

South Africa South Africa Latest News, South Africa South Africa Headlines

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

Premarket: Global stocks and Japanese yen steady ahead of U.S. payrollsCrude benchmarks headed for steepest weekly losses in three months on demand uncertainty and easing tensions in the Middle East
Source: globeandmail - 🏆 5. / 92 Read more »

Premarket: Global stocks see boost from rate-cut feverSteady U.S. dollar helps lift commodities
Source: globeandmail - 🏆 5. / 92 Read more »

Premarket: Global stocks stall near record highsU.S. futures eased, dragged lower by Uber
Source: globeandmail - 🏆 5. / 92 Read more »

Premarket: Global stocks boosted by U.S. rate relief confidenceShares traded near one-month highs while U.S. futures pointed to a steady start
Source: globeandmail - 🏆 5. / 92 Read more »

Premarket: Global stocks sluggish after Fed signals no quick rate cutsU.S. futures up ahead of Apple results; yen backtracks after another suspected intervention
Source: globebusiness - 🏆 31. / 66 Read more »