Stocks mixed, dollar rises amid cautious mood
BNN Bloomberg
Stocks were mixed Monday and the dollar gained as worries over high inflation, tightening monetary policy and China’s COVID lockdowns contributed to investor caution.
Stocks were mixed Monday and the dollar gained as worries over high inflation, tightening monetary policy and China’s COVID lockdowns contributed to investor caution.
U.S. futures rose modestly after slumping in April, the worst month since the pandemic roiled markets more than two years ago. Europe’s Stoxx 600 index followed Asian shares lower in sessions affected by holiday closures. Oil fell.
Treasuries advanced after tumbling on Friday and a dollar gauge was around the highest level since 2020 as investors prepare for a week that’s likely to see a global round of central bank tightening.
Confidence in the euro-area economy fell to the lowest in a year as the impact of the war in Ukraine drained overall sentiment from industry to consumers.
Among individuals moves in Europe, Adler Group SA shares plunged after KPMG said it was unable to give an audit opinion and Vestas Wind Systems A/S slumped after forecasting its first loss in a decade.
