Stock market today: Global shares decline ahead of reports
CTV
Global shares mostly fell Tuesday as investors took a wait-and-see view on the week ahead, including stubbornly high inflation across the economy.
Global shares mostly fell Tuesday as investors took a wait-and-see view on the week ahead, including stubbornly high inflation across the economy.
Data showing lagging imports in China sent Chinese benchmarks lower. Oil prices fell.
France's CAC 40 slipped 0.4% in early trading to 7,412.85. Germany's DAX inched down 0.1% to 15,938.15. Britain's FTSE 100 fell 0.2% to 7,762.54. U.S. shares were set to drift lower with Dow futures dipped 0.3% to 33,599.00. S&P 500 futures were down 0.2% to 4,143.00.
Japan's benchmark Nikkei 225 gained 1.0% to finish at 29,242.82. But other regional benchmarks fell.
Australia's S&P/ASX 200 slipped 0.2% to 7,264.10. South Korea's Kospi shed 0.1% to 2,510.06. Hong Kong's Hang Seng lost 2.1% to 19,867.58, after new data on China's trade showed declining imports. The Shanghai Composite dropped 1.1% to 3,357.67.
Chinese exports grew 8.5% in April, showing more unexpected strength despite weakening global demand, according to customs data. Exports grew to $295.4 billion compared with a year earlier, although at a slower pace, building on momentum seen in the March data when exports rose 14.8%.
But imports shrank at a faster pace, with the total slumping 7.9% to $205.2 billion compared to the same time last year, according to data Tuesday from the General Administration of Customs. It was down 1.4% in March. Trade with the U.S. and European Union showed a contraction in comparison with last year. China's trade surplus in April widened, growing 82.3% compared to the same period last year.
