Berliner Boersenzeitung - Global share markets put brake on ahead of inflation data

EUR -
AED 3.986748
AFN 77.996197
ALL 100.365182
AMD 421.557787
ANG 1.95626
AOA 923.14689
ARS 966.011532
AUD 1.633389
AWG 1.956454
AZN 1.846125
BAM 1.957461
BBD 2.19166
BDT 127.318058
BGN 1.957327
BHD 0.409189
BIF 3115.644326
BMD 1.085411
BND 1.464643
BOB 7.500366
BRL 5.574893
BSD 1.085421
BTN 90.334669
BWP 14.7275
BYN 3.552215
BYR 21274.059831
BZD 2.187957
CAD 1.483258
CDF 3039.151129
CHF 0.990651
CLF 0.035753
CLP 986.537299
CNY 7.864238
CNH 7.869226
COP 4155.637943
CRC 556.572377
CUC 1.085411
CUP 28.763397
CVE 110.358664
CZK 24.735654
DJF 193.264028
DKK 7.462523
DOP 63.804152
DZD 145.994281
EGP 51.159885
ERN 16.281168
ETB 62.364731
FJD 2.459655
FKP 0.864095
GBP 0.851788
GEL 2.952496
GGP 0.864095
GHS 15.793404
GIP 0.864095
GMD 73.536458
GNF 9330.919386
GTQ 8.434158
GYD 227.212841
HKD 8.474836
HNL 26.825768
HRK 7.576123
HTG 144.362524
HUF 387.075024
IDR 17397.513673
ILS 3.986113
IMP 0.864095
INR 90.346319
IQD 1421.906808
IRR 45655.11147
ISK 150.11003
JEP 0.864095
JMD 169.483845
JOD 0.76945
JPY 169.905933
KES 143.826411
KGS 95.510649
KHR 4425.756251
KMF 493.699306
KPW 976.869766
KRW 1476.755698
KWD 0.333145
KYD 0.904568
KZT 480.888142
LAK 23208.697807
LBP 97201.69753
LKR 325.746469
LRD 210.108486
LSL 19.852395
LTL 3.204937
LVL 0.656554
LYD 5.252458
MAD 10.796663
MDL 19.190287
MGA 4807.07989
MKD 61.658242
MMK 2279.434614
MNT 3744.668449
MOP 8.729109
MRU 43.123504
MUR 50.219541
MVR 16.769945
MWK 1881.997299
MXN 18.054567
MYR 5.106312
MZN 68.857518
NAD 19.852024
NGN 1571.135982
NIO 39.95391
NOK 11.516571
NPR 144.535671
NZD 1.770235
OMR 0.417689
PAB 1.085421
PEN 4.051138
PGK 4.21858
PHP 63.084211
PKR 302.079683
PLN 4.2636
PYG 8162.928083
QAR 3.952253
RON 4.975536
RSD 117.139783
RUB 97.899594
RWF 1427.311395
SAR 4.070955
SBD 9.226246
SCR 14.643782
SDG 652.332799
SEK 11.592951
SGD 1.463676
SHP 1.371363
SLE 24.798719
SLL 22760.531511
SOS 619.769899
SRD 35.287083
STD 22465.820731
SVC 9.498061
SYP 2727.128085
SZL 19.938923
THB 39.609365
TJS 11.690222
TMT 3.798939
TND 3.388107
TOP 2.567377
TRY 34.970093
TTD 7.366252
TWD 34.937543
TZS 2822.195081
UAH 43.360101
UGX 4151.523503
USD 1.085411
UYU 41.575286
UZS 13811.722357
VEF 3931959.150861
VES 39.618315
VND 27644.880962
VUV 128.862179
WST 3.042509
XAF 656.5142
XAG 0.035392
XAU 0.000458
XCD 2.933378
XDR 0.819996
XOF 656.5142
XPF 119.331742
YER 271.787948
ZAR 19.912694
ZMK 9770.002049
ZMW 28.73739
ZWL 349.501969
  • CMSC

    -0.2800

    24.22

    -1.16%

  • SCS

    -0.0400

    13.17

    -0.3%

  • BTI

    -0.4250

    30.935

    -1.37%

  • GSK

    -0.6300

    45.15

    -1.4%

  • NGG

    -7.5150

    64.475

    -11.66%

  • BCC

    -0.2600

    136.59

    -0.19%

  • BP

    0.1750

    36.735

    +0.48%

  • AZN

    0.2400

    79.04

    +0.3%

  • RIO

    -0.1350

    72.085

    -0.19%

  • CMSD

    -0.1970

    24.063

    -0.82%

  • RBGPF

    1.3300

    57.61

    +2.31%

  • RYCEF

    0.1400

    5.56

    +2.52%

  • BCE

    -0.2750

    33.875

    -0.81%

  • JRI

    -0.0910

    11.419

    -0.8%

  • RELX

    0.0750

    44.435

    +0.17%

  • VOD

    -0.1250

    9.395

    -1.33%

Global share markets put brake on ahead of inflation data
Global share markets put brake on ahead of inflation data / Photo: Frederic J. BROWN - AFP/File

Global share markets put brake on ahead of inflation data

Global markets were in cautious mode Monday with Wall Street marking time while major European stock markets put the brake on following a record run last week as investors wait on key US inflation data.

Text size:

London, Paris and Frankfurt ended marginally down after finishing at all-time highs on Friday.

On Wall Street, the Dow was flat more than two hours into the session while the broad-based S&P 500 and the tech-heavy Nasdaq were barely in the green on the eve of inflation figures that will influence interest-rate decisions.

World markets rallied last week on optimism that the US Federal Reserve, the European Central Bank and the Bank of England will soon cut borrowing costs after raising them in efforts to contain soaring prices.

Investors will pore over two sets of US inflation data for April -- the producer price index (PPI) on Tuesday and the consumer price index (CPI) on Wednesday -- for fresh clues about the Fed's monetary policy outlook.

"This week's US inflation updates are likely to be the drivers of equity market direction," said David Morrison, senior market analyst at Trade Nation.

"If the numbers suggest that inflation is continuing to push higher, then that will decrease the probability of rate cuts this year," he said.

An uptick in inflation in recent months has dented hopes that the Fed will start cutting rates as soon as June, and odds-makers now see the possibility of it happening in September.

This week's figures "will provide substantial insights into the likely duration of elevated interest rates," said Fawad Razaqzada, analyst at City Index and Forex.com.

Briefing.com analyst Patrick O'Hare said investors will also closely track retail sales figures, due out Wednesday, and quarterly earnings from Home Depot and Walmart.

"All of that, in turn, will fold into what the market thinks it can expect from the Fed in terms of future rate cuts," O'Hare said.

- US-China trade war -

In Asia, indices also fluctuated as traders absorbed weak Chinese data and news that Beijing planned to start selling the first batch of almost $140 billion of bonds to boost the stuttering economy.

The week began on a tepid note after figures showed a drop in a broad measure of credit in China that sparked worries of a further slackening in the world's number two economy.

That came as the Wall Street Journal reported that the White House is looking at almost quadrupling tariffs on Chinese electric vehicles as part of a plan that will also target batteries and solar cells.

A decision, expected on Tuesday according to reports, would come as US President Joe Biden gears up for a rematch with Donald Trump in November's presidential election.

Last month, Biden urged a tripling of tariffs on steel and aluminium as he courted blue-collar voters.

In London, meanwhile, an announcement by Australian mining giant BHP that British rival Anglo American has rejected an "improved" takeover bid worth £34 billion ($43 billion) as it aims to create a copper titan left the latter's share price off 2.4 percent.

BHP, whose chief executive Mike Henry said a deal would prove a "win-win for BHP and Anglo American shareholders," shed 0.6 percent.

- Key figures around 1545 GMT -

New York - Dow: DOWN 0.05 percent at 39,499.77 points

New York - S&P 500: UP 0.1 percent at 5,224.41

New York - Nasdaq: UP 0.2 percent at 16,377.13

London - FTSE 100: DOWN 0.2 percent at 8,414.99 (close)

Paris - CAC 40: DOWN 0.1 percent at 8,209.28 (close)

Frankfurt - DAX: DOWN 0.2 percent at 18,742.22 (close)

EURO STOXX 50: DOWN 0.2 percent at 5,077.93

Tokyo - Nikkei 225: DOWN 0.1 percent at 38,179.46 (close)

Hong Kong - Hang Seng Index: UP 0.8 percent at 19,115.06 (close)

Shanghai - Composite: DOWN 0.2 percent at 3,148.02 (close)

Euro/dollar: UP at $1.0793 from $1.0772 on Friday

Dollar/yen: DOWN at 156.19 yen from 155.88 yen

Pound/dollar: UP at $1.2555 from $1.2525

Euro/pound: DOWN at 85.96 from 86.06 pence

Brent North Sea Crude: UP 0.5 percent at $83.19 per barrel

West Texas Intermediate: UP 0.8 percent at $78.89 per barrel

burs-lth/cw/ach

(F.Schuster--BBZ)