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Stocks little changed ahead of inflation data

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    Chinese data spooks investors, sentiment turns sour

    Stock markets turn directionless after a bounce

    Sentiment turns sour, dollar steadies ahead of the weekend

    USD gives up gains as risk sentiment improves further

    Stocks mostly lower despite upbeat economic data

    Markets failed to extend the bounce, back under pressure

    Risk sentiment looks mixed, dollar retreats marginally

    Dollar at fresh highs while stock markets keep bleeding

    Stocks continue to give up gains ahead of US jobs data

    Stocks bounce ahead of US inflation report

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    Stock markets rebound on strong corporate earnings

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    A mixed start to the week in the global markets

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    Chinese data spooks investors, sentiment turns sour

    Stock markets turn directionless after a bounce

    Sentiment turns sour, dollar steadies ahead of the weekend

    USD gives up gains as risk sentiment improves further

    Stocks mostly lower despite upbeat economic data

    Markets failed to extend the bounce, back under pressure

    Risk sentiment looks mixed, dollar retreats marginally

    Dollar at fresh highs while stock markets keep bleeding

    Stocks continue to give up gains ahead of US jobs data

    Stocks bounce ahead of US inflation report

    Investors stay nervous as tensions escalate

    Markets look for rebound after a major sell off

    Stock markets rebound on strong corporate earnings

    Recession worries keep markets on the defensive

    A mixed start to the week in the global markets

    Markets a sea of red ahead of US jobs data

    Geopolitics pushes global markets south, dollar bulls back in the game

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Home » Stocks little changed ahead of inflation data

Stocks little changed ahead of inflation data

by Stephen Soo
June 9, 2021 07:04
in Fundamental analysis
0
Stocks little changed ahead of inflation data

China’s producer price index jumped 9% from a year earlier in May

U.S. stock finished lower overnight, with investors awaiting the inflation data due on Thursday. Market players were also weighing the potential impact of a minimum corporate tax that could enable foreign governments to impose levies on big American companies. The S&P 500 inched up less than 0.1%, the Dow Jones Industrial Average slipped 0.1%, while the Nasdaq gained 0.3%.

In Asia, equities were mixed amid fresh economic data out of China. China’s producer price index jumped 9% from a year earlier in May, the fastest increase since 2008. However, the headline consumer price index rose 1.3%, lower than expected. Tokyo’s Nikkei 225 index fell 0.35% to 28,860.80, the Kospi in Seoul fell 0.9%, Hang Seng in Hong Kong shed 0.3% while the Shanghai Composite in China added 0.32%.

European equities turned negative after having opened flat, with airlines being among the gainers after easing travel rules from the U.S. The Stoxx Europe 600 index was 0.10% lower in recent trading. The German DAX 30 slipped 0.29%, the French CAC 40 gained 0.02%, and the FTSE 100 index was down 0.52%.

In currencies, the dollar is mostly lower on Wednesday following some gains seen yesterday. As such, the euro gains traction, approaching the 1.2200 figure as markets get closer to the key ECB meeting on Thursday. Earlier in the day, the data showed that the German trade surplus expanded to 15.9 billion euros in April from14.3 billion euros while the current account surplus shrank to 21.3 billion euros during the same period from 30.0 billion euros. If the euro fails to overcome the mentioned barrier any time soon, a pullback could be expected.

Tags: CAC 40DAXDOW JONESECBFTSE 100Hang SengNasdaqNikkeiS&P 500Stoxx 600
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Stephen Soo

Stephen Soo

Stephen's specialty is fundamental analysis. He graduated from the Booth School of Business, the University of Chicago. Stephen currently cooperates with several news agencies, and on FWNews he publishes macroeconomic news and reviews on brokerage companies.

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