Global stock markets are mixed ahead of a U.S. inflation update that traders worry might lead to more interest rate hikes.
after estimates of 2022 inflation were revised up last week would reinforce plans to keep rates high and possibly increase them.
In early trading, the FTSE 100 in London rose 0.3% to 7,903.02. The DAX in Frankfurt sank 1.4% to 15,307.98 and the CAC 40 in Paris shed 0.8% to 7,129.73. On Friday, the S&P 500 index rose 0.2%. The index turned in a weekly loss of 1.1%, its biggest since December.In Asia, the Nikkei 225 in Tokyo sank 0.9% to 27,427.32 while the Shanghai Composite Index advanced 0.6% to 3,279.94. The Hang Seng in Hong Kong lost 0.4% to 21,099.65.India's Sensex opened down 0.5% to 60,386.40. New Zealand and Singapore retreated while Jakarta and Bangkok gained.
The yield on the two-year Treasury ticked up to 4.50% from 4.48%. It was at 4.08% just over a week earlier and is near its highest level since November.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Global stocks mixed ahead of US inflation updateGlobal stock markets were mixed Monday ahead of a U.S. inflation update traders worry might lead to more interest rate hikes.
Read more »
Peter Hotez giving lectures at several Texas colleges about global health vaccines, his new bookWith a more transmissible COVID-19 subvariant possibly on the horizon, Dr. Peter Hotez is traveling to various Texas institutions to speak about vaccines and his new book.
Read more »
Global Plug-In Electric Car Sales Exceeded 10 Million In 2022December brought a massive record of global passenger plug-in electric sales, taking the full-year volume beyond 10 million units.
Read more »
‘RRR’ Star Ram Charan Explains the Film’s Global Resonance: “Cinema Has Only One Language”Quentin Tarantino, Marvel and 'Mission: Impossible' are just a few of the items on the actor's wish-list as he breaks out beyond India.
Read more »
'Magic Mike's Last Dance' Opens With $18.6 Million at the Global Box OfficeMagicMikesLastDance, which stars Channing Tatum and Salma Hayek Pinault, has crossed $18.6 Million at the global box office.
Read more »
'Titanic's 25th Anniversary Re-Release Sets Sail With $22.3 Million at the Global Box OfficeJames Cameron's epic romance is still stealing hearts after a quarter of a century and raking in millions of dollars at the box office.
Read more »