Stock market today: Global markets lower ahead of U.S. inflation update
CTV
Global stock markets and Wall Street futures declined Tuesday after Chinese exports fell ahead of this week's U.S. inflation update, which might influence Federal Reserve plans for possible interest rate hikes.
Global stock markets and Wall Street futures declined Tuesday after Chinese exports fell ahead of this week's U.S. inflation update, which might influence Federal Reserve plans for possible interest rate hikes.
London, Shanghai, Paris and Hong Kong retreated. Tokyo advanced. Oil prices lost more than $1 per barrel.
On Monday, Wall Street's benchmark S&P 500 index rallied 0.9%, recovering one-third of a loss from last week.
"U.S. stocks started the week in better form," said ING analysts in a report. "It is not clear that this is going to last, though."
In early trading, the FTSE 100 in London lost 0.4% to 7,528.15. The CAC 40 in Paris gave up 0.4% to 7,288.73, and the DAX in Frankfurt shed 0.5% 15,884.94.
On Wall Street, the S&P 500 future was off 0.3%, and that for the Dow Jones Industrial Average was down 0.2%.
The Dow rose 1.2% and the Nasdaq composite added 0.6% on Monday.