Global Stocks Mixed After Wall Street Breaks Losing Streak
BANGKOK—Shares rose in early European trading after closing mostly lower in Asia ahead of the release of consumer price data in the U.S.
Benchmarks advanced in Paris, London, Tokyo, and Sydney but fell in Hong Kong, Shanghai, and Seoul. Oil prices rose while U.S. futures edged lower.
Friday will bring the core U.S. personal consumption expenditure, or PCE price index, which measures changes in prices of consumer goods and services, excluding food and energy. Forecasts are for moderate increases as steep inflation abates in response to easing supply chain issues and higher interest rates.
Germany’s DAX edged 0.1 percent higher to 15,488.24 and the CAC 40 in Paris added 0.2 percent to 7,331.57. Britain’s FTSE 100 gained 0.3 percent to 7,928.14. The future for the Dow Jones Industrial Average slipped 0.2 percent while that for the S&P 500 was down 0.3 percent….