Shares were mostly higher in Europe and Asia on Monday ahead of China's release of economic growth figures and a policy update this week from Japan's central bank.
Germany's DAX edged 0.1% higher to 15,101.73 and the CAC40 in Paris was nearly unchanged at 7,022.46. Britain's FTSE was up 0.1% at 7,851.93. The future for the S&P 500 lost 0.5% while that for the Dow Jones Industrial Average slid 0.3%.
In Asian trading Monday, Tokyo's Nikkei 225 lost 1.1% to 25,822.32. The Hang Seng in Hong Kong gained less than 0.1% to 21,746.72 and the Kospi in Seoul added 0.6% to 2,399.86. The Shanghai Composite index added 1% to 3,227.59. The year has begun with optimism that cooling inflation could lead the Federal Reserve to ease off soon on sharp interest rate hikes that slow the economy and risk causing a recession. They also hurt investment prices.
If the economy does fall into a recession, as many investors expect, sharper drops for profits may be set for 2023. That's why the forecasts for upcoming earnings that CEOs give this reporting season may be even more important than their latest results.
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